USD
Demand for U.S durable goods recorded its biggest drop in eight months in
September and the pace of house price gains moderated in August falling to 5.6%
from 5.8% , suggesting some cooling in economic growth in the third quarter. As
markets in Europe and emerging nations slow.

US companies  want to see signs that sales are holding up before making
expensive investments to modernise manufacturing plant. Orders to American

USD
Demand for U.S durable goods recorded its biggest drop in eight months in
September and the pace of house price gains moderated in August falling to 5.6%
from 5.8% , suggesting some cooling in economic growth in the third quarter. As
markets in Europe and emerging nations slow.

US companies  want to see signs that sales are holding up before making
expensive investments to modernise manufacturing plant. Orders to American
factories for long-lasting equipment such as machinery and computers
unexpectedly dropped 1.3 percent in September, indicating businesses worldwide
are reluctant to spend on expanding output.

Despite this poor figure the US economy remains on solid ground as other data
on Tuesday showed consumer confidence jumped to a seven-year high in October to
94.5 this month. The highest level  since October 2007, from a
September reading of 89 that was stronger than initially estimated.
  Consumer confidence advanced  as Americans  enjoyed More
job security, gasoline prices at almost four-year lows  and a
strengthening labour market are setting the stage for  stronger expansion.

The US like the rest of the world economy still faces a number of headwinds
that can slow economic growth. Concerns ranging from worries about the
impact of Ebola, the Ukraine crisis, the ongoing plight of the Eurozone, signs
of further weakness in emerging markets and the Federal reserve  starting
to tighten monetary policy through interest rate hikes. 

Key Announcements:
09.30 GBP: UK Mortgage approvals (Sept) expected to fall from 62,250 from
64,120
18:00 USD: US federal Reserve Interest Rate Announcement expected to remain
unchanged at 0.25%
18:00 USD: US federal Reserve Monetary policy Statement. 

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