German ZEW and US housing data amongst market movers today – Danske Bank

Sandeep Kanihama FXStreet Contributor

US FHFA house prices and German ZEW expectations are due out today and analysts at Danske Bank are looking for a slight further decline in German data.

Key Quotes

“Sentiment has been a bit in retreat recently (albeit from high levels) and we expect the stronger euro to put a further dent on ZEW expectations.”

“In the US, FHFA house prices are expected to show an unchanged rate of around 0.5% m/m corresponding to a 6% annualised rate. Rising housing wealth is one of the factors supporting US consumers on top of robust job growth and a rebound in real wage growth due to lower inflation.”

“Otherwise, focus continues to be on Jackson Hole later this week and whether Trump can get focus back on the policy agenda and his apparent new push for tax reform, which was reported by several media outlets yesterday.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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