US: NFIB survey and Fed speak amongst market movers today – Danske Bank

Sandeep Kanihama FXStreet Contributor

Analysts at Danske Bank suggest that in the US, we get the NFIB small business optimism indicator for April which is the main economic release for the day.

Key Quotes

“Business optimism soared after the election of Donald Trump as president. However, given the increased uncertainty about how much of his policies he will actually be able to carry out in practice, business optimism seems to have peaked and we expect it to fall further given the fall observed in, for example, ISM and PMI. This should not be a significant turn for the worse in the overall economy, but a correction in soft indicators to be more in line with the actual economic development.”

“Again today there are a few speeches by FOMC members including Rosengren (non-voter, hawkish) and Kaplan (voter, dovish). The focus remains on getting more insight about how the members' views differ after the less informative FOMC statement released last week.”

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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