US: Key economic events in the day ahead – TD Securities

Dhwani Mehta FXStreet

Analysts at TD Securities enlist key economic events due out of the US on Tuesday, with the Durable Good Orders to headline.

Key Quotes:

“We forecast a 0.3% m/m decline in durable goods orders, largely explained by a retreat in the nondefense aircraft segment. The decline in the latter should offset a gain in ex-transportation orders, which we pencil in at +1.2% m/m.

Separately, the consensus is looking for a modest improvement in the Richmond Fed's manufacturing index to -3 in Jan from -5 in Dec, which would be consistent with the gains in the regional indices published so far.

Lastly, we anticipate a decent increase in the Conference Board's consumer confidence index, to 129.5 in Jan from 126.5 in Dec.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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