It’s a big week on the economic calendar, including the BOJ, Fed and BOE decisions. That kicks off with the Bank of Japan on Wednesday in Tokyo but first we get a decent slate of US economic data, starting at 9 am ET with:
CaseShiller US housing pricesMonthly house price data from the FHFA
There are signs of weakening in the US housing market, particularly in the south and that should start to show up in the sale data.
At 10 am ET, it’s another two-pack of data with:
JOLTSConsumer confidence
Both of these have been pointing to an economic slowdown but it’s not clear how quickly the slowdown is coming of if it’s accelerating. Consumer confidence data has been variable but yesterday McDonald’s highlighted a meaningful slowdown in spending.
After the close, we get earnings from Microsoft, Starbucks and AMD. Check out Greg’s preview:
This article was written by Adam Button at www.forexlive.com.
