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20 Sep 2013
Flash: Market on data watch; EUR/USD to break highs? - Nomura
FXstreet.com (London) - Matthew Slade, FX strategist at Nomura eyes the up and coming data for next week that the market will be keeping an eye on for EUR/USD.
Key Quotes:
“Next week the key data releases and events to watch are:
1. Euro area PMIs (Monday 09:00 BST) – Nomura estimates are slightly above consensus at 51.8 for manufacturing (51.6 survey), 51.2 for manufacturing (50.9 survey), and 52.0 for composite (51.6 survey)
2. German IFO (Tuesday 09:00 BST) – Nomura estimates are in line with consensus at 108.
3. US Durable Goods (Wednesday 13:30 BST) – Nomura estimates are again slightly ahead of market expectations at 1.7% vs 0.1%
4. Line up of Fed speakers - After Wednesday’s decision to not yet begin tapering, there will be increased interest in hearing what Federal Reserve members might say on the economy”.
Key Quotes:
“Next week the key data releases and events to watch are:
1. Euro area PMIs (Monday 09:00 BST) – Nomura estimates are slightly above consensus at 51.8 for manufacturing (51.6 survey), 51.2 for manufacturing (50.9 survey), and 52.0 for composite (51.6 survey)
2. German IFO (Tuesday 09:00 BST) – Nomura estimates are in line with consensus at 108.
3. US Durable Goods (Wednesday 13:30 BST) – Nomura estimates are again slightly ahead of market expectations at 1.7% vs 0.1%
4. Line up of Fed speakers - After Wednesday’s decision to not yet begin tapering, there will be increased interest in hearing what Federal Reserve members might say on the economy”.