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25 Apr 2016
US: All eyes on new home sales and the Dallas Fed Index - TDS
Research Team at TDS, suggests that in the US all the focus for today’s session will be on the releases of new home sales for March and the Dallas Fed Index.
Key Quotes
“TD sees downside risk to mkt +1.6% m/m in new home sales and looks for sales activity to pick up by a more modest 1.0% m/m to an annualized 517k.
Manufacturing activity is likely to decline in the Dallas Fed district for the 16th consecutive month. TD expects the Dallas Fed Manufacturing Outlook to improve slightly to -11.4 from -13.0 in March, a smaller increase than the market consensus for a -10.0 print.”
Key Quotes
“TD sees downside risk to mkt +1.6% m/m in new home sales and looks for sales activity to pick up by a more modest 1.0% m/m to an annualized 517k.
Manufacturing activity is likely to decline in the Dallas Fed district for the 16th consecutive month. TD expects the Dallas Fed Manufacturing Outlook to improve slightly to -11.4 from -13.0 in March, a smaller increase than the market consensus for a -10.0 print.”