US: Goods trade deficit and new home sales in the limelight - TDS
|Research Team at TDS, suggests that the US advance goods trade balance is expected to deteriorate in September, with the market looking for the deficit to widen from $59.2bn to $60.5bn.
Key Quotes
“TD is slightly more bearish and projects the goods deficit will increase to $61.0bn, with higher imports the larger factor behind the move.
Both TD and the market look for September new home sales to decline by 1.5% m/m to an annualized 600k; we expect a more pronounced pullback in the West while the South may see some weakness from the Louisiana floods. Lastly, the market looks for wholesale inventories to rise by 0.1% m/m in September after two consecutive declines.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.