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US: Key economic events in the day ahead – TD Securities

Analysts at TD Securities enlist key economic events due out of the US on Tuesday, with the Durable Good Orders to headline.

Key Quotes:

“We forecast a 0.3% m/m decline in durable goods orders, largely explained by a retreat in the nondefense aircraft segment. The decline in the latter should offset a gain in ex-transportation orders, which we pencil in at +1.2% m/m.

Separately, the consensus is looking for a modest improvement in the Richmond Fed's manufacturing index to -3 in Jan from -5 in Dec, which would be consistent with the gains in the regional indices published so far.

Lastly, we anticipate a decent increase in the Conference Board's consumer confidence index, to 129.5 in Jan from 126.5 in Dec.”

Fiscal policy needs to up the ante - ANZ

ANZ analysts believe governments across the globe need to play a bigger role in supporting economic growth by loosening their purse strings. Key quote
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USD/JPY Price Analysis: Pulls back from 100-day SMA inside rising channel

USD/JPY pulls back from 100-day SM awhile taking the bids to 109.03 during early Tuesday. Following its declines below 61.8% Fibonacci retracement of
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