On Monday, major fundamental announcements and events are due in the US.

At 3:30 p.m. (GMT+3) Personal Income and Personal Spending statistics are released. Personal Income provides insight on the labor market situation, as labor earnings account for major part of personal income. Personal Spending may serve as an indicator for GDP and inflation assessment. Both Personal Income and Personal Spending are expected to remain unchanged at 0.4% and 0.3%, respectively.

Pending Home Sales statistics for August is due at 5:00 p.m. (GMT+3). The indicator is based on signed real estate contracts and is one of the most important for assessment of the US housing market situation. The forecast is rather negative: a decline from 0.5% to 0.2% is expected, thus, the USD will be under pressure.

At the end of the day, at 8:30 p.m. (GMT+3) and 00:00 a.m. (GMT+3), market participants will turn their attention to the speeches given by two members of the Federal Reserve: Charles Evans, president and chief executive officer of the Federal Reserve Bank of Chicago, and John Williams, president and chief executive officer of the Federal Reserve Bank of San Francisco. They may share their views on the possibility and the timing of an interest rate increase.

News of the day. Monday 28.09.2015

 

 




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