This week’s economic calendar here in the US is relatively light. On Monday we get new home sales for April, which are expected to remain roughly flat. Wednesday brings the April advance goods trade balance, which is expected to widen. On Thursday, we get the most important data release of the week, April’s durable goods report. Later on Thursday morning we get April pending home sales, which should continue to improve. Friday brings the second estimate of Q1 real GDP growth. We also get the final reading on May University of Michigan consumer sentiment on Friday.