US: Focus on jobless claims and PPI data – TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities suggest that the market is looking for the US PPI inflation to hold steady at 3.4% y/y in July, with producer prices up 0.2% m/m.

Key Quotes

“Core PPI should also see a 0.2% increase while initial jobless claims are expected to edge higher to 220k for the week of August 4th.”

“Chicago Fed President Evans is also scheduled to hold an on-record briefing at 13:00 ET with reporters.”

“Canada: TD looks for July housing starts to cool to 230k from 248k the prior month, slightly above the market consensus for 220k. Multi-unit starts should drive the slowdown after an outsized gain last month.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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