Friday , 24 January 2025
Home Forex PMIs and new home sales and a two-year auction coming up
Forex

PMIs and new home sales and a two-year auction coming up

The week picks up today on the economic calendar and the earnings calendar.

The main highlight comes at 9:45 am ET as the global PMIs continue to roll out with the US manufacturing and services surveys. The consensus on both is 52.0.

Then at 10 am ET, it’s new home sales and the Richmond Fed.

Perhaps the biggest mover could be a whopping $69 billion sale of 2-year notes at 1 pm ET. Two-year yields are just below 5% and that will the key line for the auction.

After the close, it’s all about earnings with Tesla, Visa and Texas Instruments on the docket.

For more, see the economic calendar.

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

The NZDUSD breaks above 38.2% retracement. What does it mean for next week’s trading.

The NZDUSD has made a break to the upside and in doing...

US dollar falls further after troubling services PMI report. Pound runs

Today's price action highlights how fragile the US dollar is.There is no...

EURUSD extends to new highs after support held. What next for the pair?

Earlier today, I posted and talked about the EURUSD technicals. I wrote:The...

Pound Sterling Price News and Forecast: GBP/USD outperforms USD as Trump backs immediate rate cuts

The Pound Sterling (GBP) jumps above 1.2400 against the US Dollar (USD)...