2pm - 'Economic news' courtesy reminder time Traders,Please...

2pm - 'Economic news' courtesy reminder time Traders,

Please note the following 'Economic news' which is due out in the US this evening:-

Market Focus/Highlights

"Durable goods data are likely to underscore the leading strength of the manufacturing sector." [Source: Bloomberg., Mark Pender]

The following 'Economic news' is due to be released in the US this evening:-

Durable Goods Orders [ Market moving indicator]
[Durable goods orders reflect the new orders placed with domestic manufacturers for immediate and future delivery of factory hard goods. The first release, the advance, provides an early estimate of durable goods orders. About two weeks later, more complete and revised data are available in the factory orders report. The data for the previous month are usually revised a second time upon the release of the new month's data.]

New Home Sales [ Merits extra attention]
[New home sales measure the number of newly constructed homes with a committed sale during the month. The level of new home sales indicates housing market trends and, in turn, economic momentum and consumer purchases of furniture and appliances.]

EIA Petroleum Status Report [ Merits extra attention]
[The Energy Information Administration (EIA) provides weekly information on petroleum inventories in the U.S., whether produced here or abroad. The level of inventories helps determine prices for petroleum products.]

Jeffrey Lacker
[Richmond Federal Reserve Bank President - Speech on financial regulation at a conference at the Institute for International Economic Policy in Washington.]

MBA Purchase Applications
[The Mortgage Bankers' Association compiles various mortgage loan indexes. The purchase applications index measures applications at mortgage lenders. This is a leading indicator for single-family home sales and housing construction.]

5-Yr Note Auction
[Treasury notes are sold at regularly scheduled public auctions.]

... AND ...

The following 'Economic news' is due to be released in Australia tomorrow:-

Conference Board Australia Leading Index (Mar) [ Moderate volatility expected]
[The Conference Board Australia leading Index released by the Conference Board measures future trends of the overall economic activity including employment, average manufacturing workweek, initial claims, permits for new housing construction, stock prices and yield curve. It forecasts short to mid-term growth in the Australian economy. Generally, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]; and

Private Capital Expenditure (Q1)
[The Private Capital Expenditure released by the Australian Bureau of Statistics measures current and future capital expenditure intentions of the private sector. It is considered as an indicator for inflationary pressures. A high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]

[Sources: Bloomberg & fxstreet.com]
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