Back
27 May 2014
Key events on Tuesday - Westpac
FXStreet (Bali) - Sean Callow, FX Strategist at Westpac, waslks us through the main events for Tuesday.
Key Quotes
"Australia’s calendar remains quiet. Only minor releases are due in Asia. The European calendar features comments from ECB members Nowotny, Praet and Draghi."
"The US plays catchup after its long weekend, releasing Apr durable goods orders, Mar house prices (both S&P/Case-Shiller and FHFA) and the low profile May Markit PMIs (services and composite). March durable goods orders jumped 2.5% m/m total, 2.1% ex-transportation, setting a high base for April, hence consensus of -0.7% m/m total, zero ex-transport and -0.3% also excluding defence orders. Our preferred measure of US house prices is from S&P/C-S, where consensus is 0.7% m/m, 11.8% y/y. This would still leave the 20 city average almost 20% below the July 2006 peak."
Key Quotes
"Australia’s calendar remains quiet. Only minor releases are due in Asia. The European calendar features comments from ECB members Nowotny, Praet and Draghi."
"The US plays catchup after its long weekend, releasing Apr durable goods orders, Mar house prices (both S&P/Case-Shiller and FHFA) and the low profile May Markit PMIs (services and composite). March durable goods orders jumped 2.5% m/m total, 2.1% ex-transportation, setting a high base for April, hence consensus of -0.7% m/m total, zero ex-transport and -0.3% also excluding defence orders. Our preferred measure of US house prices is from S&P/C-S, where consensus is 0.7% m/m, 11.8% y/y. This would still leave the 20 city average almost 20% below the July 2006 peak."