FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, suggests that the post-FOMC week will bring several crucial pieces of data which should help investors firm their pricing for 2015 liftoff (55% as of Friday).
Key Quotes
“While payrolls will be the main event, the October ISM manufacturing report early in the week will be closely watched. We look for a decline to 49.4 from 50.2 – below the market’s 50.0 consensus estimate as regional manufacturing gauges have continued to show weakness.”
“Construction spending will be watched for GDP implications, and we look for a 0.5% increase in September. Fed’s Williams will give opening remarks at a SF Fed conference, but markets are more likely to focus on ISM and Chinese PMI data released over the weekend for direction.”
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