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16 Sep 2013
Flash: EUR/USD eyes key US data – TD Securities
FXstreet.com (London) - Tim Davis, Global Strategist, Rates and FX Research at TD Securities puts the dollar in focus for the week ahead, with the current weakness across the board, what has the calendar have in store for the EUR/USD in dollar terms?
Key Quotes:
“The data calendar picks up a bit to end the week, with PPI and retail sales for August, and the preliminary reading of Michigan confidence for September”.
“The key event should be the retail sales data, and we’re in line with looking for total sales to rise by +0.4% M/M but a hair below consensus in looking for ex-autos sales of +0.2% (mkt +0.3%)”.
“For Michigan confidence we’re also a bit below consensus in looking for the headline to slip from 82.1 to 81.0 in September (mkt 82.0), with heightened anxiety in financial markets toward Fed policy and the uncertainty about military action against Syria weighing a bit on sentiment”.
Key Quotes:
“The data calendar picks up a bit to end the week, with PPI and retail sales for August, and the preliminary reading of Michigan confidence for September”.
“The key event should be the retail sales data, and we’re in line with looking for total sales to rise by +0.4% M/M but a hair below consensus in looking for ex-autos sales of +0.2% (mkt +0.3%)”.
“For Michigan confidence we’re also a bit below consensus in looking for the headline to slip from 82.1 to 81.0 in September (mkt 82.0), with heightened anxiety in financial markets toward Fed policy and the uncertainty about military action against Syria weighing a bit on sentiment”.