25 Jun 2014
US durable goods and GDP data the highlight of the day - TD Securities
FXStreet (Łódź) - Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities, suggests that the market will focus today on US May Durable Goods data and the final Q1 GDP revision.
Key quotes
"We look for headline durable goods orders rise 0.4%, though we highlight downside risks to our forecast given the potential for recently strong gains in defense orders to reverse."
"Ex-transport durable orders are likely to increase 0.1% as core orders rise a solid 0.5%."
"We look for Q1 GDP to be revised lower to -1.4% from -1.0%, reflecting an early-year slowdown that should be more than fully reversed in Q2."
Key quotes
"We look for headline durable goods orders rise 0.4%, though we highlight downside risks to our forecast given the potential for recently strong gains in defense orders to reverse."
"Ex-transport durable orders are likely to increase 0.1% as core orders rise a solid 0.5%."
"We look for Q1 GDP to be revised lower to -1.4% from -1.0%, reflecting an early-year slowdown that should be more than fully reversed in Q2."