News of the day. Monday 26.10.2015

October 26, 2015

There will not be plenty of macroeconomic publications on Monday. During the day, attention needs to be paid to the German Buba Monthly Report for September that describes current and future states of the German economy, due at 1 pm (GMT +3), and September data on New Home Sales from the US, due at 5 pm. Let us remind that the construction sector is one of the leading in the American economy. According to forecasts, the index will fall slightly from 0.552 to 0.550 million that would not pressure the USD though.

On Monday night at 1:45 am, Trade Balance data is due in New Zealand. Trade deficit tended to grow during the last 3 months. In September, however, the deficit will remain but may shrink from 1,035 million to 800 million NZD. On the other hand, exports from the country will continue their fall started in March this year. Forecasts confirmation may pressure the NZD.

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