US: Focus on Jobless Claims and Philly Fed Survey - Nomura
|Analysts at Nomura suggest that the initial jobless claims and Philly Fed survey are going to be the key economic releases for today’s US session.
Key Quotes
“Initial jobless claims may be unusually volatile due to the impact of Hurricanes Florence and Michael but, excluding weather effects, we expect claims to remain consistent with steady labor market strength.”
“Philly Fed survey: Consistent with our forecast for the October Empire State survey, we expect the Philly Fed survey to remain elevated in October with a headline reading of 21.0, only a minor step down from 22.9 in September.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.