Wednesday May 24, 2006 - 10:42:03 GMT
Share This Story
INVESTICA Ltd - www.investica.co.uk
US data back in focus
The flow of US economic data has been limited over the past few days, but will resume on Wednesday with figures on durable goods orders and new home sales. Existing home sales data is due on Thursday together with revised GDP data for the first quarter.
The durable goods data is notoriously volatile on a monthly basis, especially with sharp fluctuations in the value of transport and defence goods orders, but underlying capital spending data will be important for underlying manufacturing health.
Weak housing data on Wednesday and Thursday would result in fresh market doubts over further US interest rate increase and would tend to undermine the US currency.
Markets will also be on inflation watch with the price indices watched closely for fresh evidence on inflationary pressure. This will be particularly important as the June Federal Reserve interest rate decision is still open at this stage.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."