Consumer confidence and the Richmond Fed top the US calendar

Author: Adam Button | Category: News

What's coming up in North American trade

What's coming up in North American trade
It's TradeOn Summit day and Justin is delivering a live presentation at the moment. There isn't anything on the calendar to interrupt him at the bottom of the hour, but it picks up a bit later.

At 1300 GMT, the Case-Shiller US 20-city house price index is due. It's a lower-tier housing indicator and rarely moves the market, it's also for May, so it's a bit stale.

The two big releases of the day come at 1400 GMT. A big one is the July US consumer confidence report from The Conference Board, which is expected to dip to 95.0 from 98.1. The U Mich survey for July missed to the downside and a drop in this survey would underscore the risks of a consumer retrenchment.

The Richmond Fed is forecast at +5 from 0 in June. I think this release will be overshadowed by consumer confidence but any big miss would be notable.

The final event to watch is the US Treasury auction at 1700 GMT.

The best thing you can do today is listen in to the TradeOn Summit. Check it out here.

For bank trade ideas, check out eFX Plus
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