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US housing data to be the highlight – Danske Bank

FXStreet (Delhi) – Research Team at Danske Bank, suggest that US housing data is likely to be in the focus for today’s session in addition to speeches from Fed’s Brainard and Lacker.

Key Quotes

“The NAHB housing market index for October is expected to be unchanged after climbing in September to 62, its highest level since 2006. Note that further US housing data are due for release later this week, including housing starts and building permits (Tuesday) and existing homes sales (Thursday). Generally speaking, we expect data to support the picture of a housing market that continues to benefit from a favourable mix of low interest rates and positive real income growth.”

“Fed's Brainard (voter, dovish) and Lacker (voter, hawkish) are scheduled to speak but the topics are not related to the economic outlook or monetary policy.”

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