US: Focus on manufacturing ISM index and FOMC minutes – TDS

Sandeep Kanihama FXStreet Contributor

In view of analysts at TD Securities, the US data highlight will be the manufacturing ISM index for December and expect the index to rise slightly, to a still-low 49.5 from 48.1. The consensus is 49.0.

Key Quotes

“A slight rise would be consistent with the regional surveys that have been released. The cut-off point for the regional surveys is generally earlier in the month than for the ISM survey, but there is no sign thus far of the U.S.-China trade deal announcement leading to a major change in tone.”

“Minutes to the December FOMC meeting will also be released; Fed officials have consistently been signaling that a policy change will require a "material reassessment" of the outlook, but "policy is not on a preset course."

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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