US: Goods trade deficit and new home sales in the limelight - TDS

Sandeep Kanihama FXStreet Contributor

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.”

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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