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15 May 2015
Slew of US data next focus - Westpac
FXStreet (Bali) - Sean Callow, FX Strategist at Westpac, breaks down the key releases for the day ahead, with most attention now shifted to US data.
Key Quotes
"In the US, the NY Fed’s Empire State manufacturing survey is forecast to bounce to 5.0 in May after printing -1.2 in Apr. Market consensus is for a flat reading for Apr industrial production."
"While the national ISM factory survey production index rose to a three month high, four of the five Fed regional factory surveys point to falling activity."
"May preliminary University of Michigan consumer sentiment is seen to tick higher to 96.0 from 95.9. Mar TIC data (capital flows) will also be released."
Key Quotes
"In the US, the NY Fed’s Empire State manufacturing survey is forecast to bounce to 5.0 in May after printing -1.2 in Apr. Market consensus is for a flat reading for Apr industrial production."
"While the national ISM factory survey production index rose to a three month high, four of the five Fed regional factory surveys point to falling activity."
"May preliminary University of Michigan consumer sentiment is seen to tick higher to 96.0 from 95.9. Mar TIC data (capital flows) will also be released."