OctaFX | OctaFX Forex Broker
Open trading account
Back

US: Focus on consumer expectations and budget – Nomura

Analysts at Nomura suggest that the NY Fed Survey of Consumer Expectations and budget will be the key economic releases for today’s US session.

Key Quotes

“In October, the NY Fed’s inflation expectations measures increased slightly at both the one- and three-year horizons, but remained within a steady range. Elsewhere, household financial expectations deteriorated somewhat, in contrast with consumer surveys from the University of Michigan and Conference Board. This deterioration was likely transitory and November could see some rebound in sentiment as consumer fundamentals remain firm and the transitory effects from the recent hurricanes diminish further.”

US budget: The October budget statement from the Treasury will mark the beginning of fiscal year (FY) 2018. During FY 2017, the budget deficit increased to $666bn, from $586bn during the previous fiscal year. In June 2017, the CBO estimated a somewhat smaller deficit in FY 2018 ($563bn) owing to a modest increase in individual income tax payments. Historically, outlays outpace receipts in October. Thus, a budget deficit during the first month of FY 2018 would not be unexpected. Consensus expects a deficit of $50bn for October.”

Italy: Industrial production takes a breather – ING

According to Istat data, released last Friday, Italian industrial production contracted 1.3% MoM in September in seasonally-adjusted terms and expande
Read more Previous

UK: Brexit negotiations to take centre stage - BBH

Analysts at BBH suggest that in Europe, the negotiations over the UK's exit from the EU continue to be an important talking point.   Key Quotes “New
Read more Next
Start livechat