US: Economic activity indicators in focus this week - NBF

For the US economy, analysts at National Bank Financial point out that we’ll get information about economic activity in late Q1 thanks to March data.

Key Quotes

“Industrial production could have bounced back in the month following two straight monthly declines, as shrinking production in both the utilities and mining segments may have been offset by a healthy expansion in the manufacturing sector.”

“The March retail sales report will also come out. We expect both the headline and ex-auto gauges to have advanced at a healthy clip, reflecting sharp increases for auto sales and gasoline prices during the month.”

“We’ll also get some important information about the housing market with the release of housing starts and new homes sales for March. Both indicators likely advanced on account of lower mortgage rates and rising mortgage applications.”

“The first clues on the state of the manufacturing sector in January will be available with the publication of the Empire State and Philly Fed manufacturing surveys as well as Markit’s flash manufacturing PMI.”

“Several Fed officials are also scheduled to give speeches, notably Charles Evans (Chicago Fed, Monday), Eric Rosengren (Boston Fed, Monday) and James Bullard (St. Louis Fed, Wednesday). Finally, the Fed will issue the latest edition of its Beige Book.”

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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD tumbles to weekly lows on disappointing PMI data

EUR/USD dropped below 1.1300 after Germany's Manufacturing PMI dropped to 44.5 points, below expectations and reflecting a deep contraction in the sector. Other PMIs are mostly weak as well. US retail sales are eyed.

EUR/USD News

GBP/USD bounces off 1.3000 on upbeat UK retail sales

GBP/USD escaped the 1.3000 line after UK retail sales beat with a jump of 1.1% in March, much better than expected. A risk-off mood weighed on it earlier. US retail sales are next.

GBP/USD News

USD/JPY: risk aversion likely to result in limited slides

April Japanese Nikkei Manufacturing PMI improved to 49.5 from 49.2, still in contraction territory. European data spurred demand for safe-haven assets amid renewed concerns of economic slowdown.

USD/JPY News

US Retail Sales Preview: Let the spending begin

Overall retail sales are predicted to rise 0.9% in March following February's 0.2% decline. Sales excluding automobiles are expected to climb 0.7% after falling 0.4% the prior month.

Read more

Gold: A dead cat bounce from 2019 lows?

Gold (futures on Comex) staged a sharp $4+ reversal last hour from fresh 2019 lows of 1273.05, as a sudden turnaround in the risk sentiment called on the gold bulls for rescue amid a resurgence of concerns over dwindling Eurozone economic growth.

Gold News

Majors

Cryptocurrencies

Signatures