US: Jobless claims and Fed speak in focus today - TDS

Sandeep Kanihama FXStreet Contributor

Research Team at TDS suggests that releases are quiet on top-tier data from the US, with only jobless claims (consensus: 240k) and the Chicago Fed National Activity index to note.

Key Quotes

“Markets will hear from a few more Fed speakers, including Fed President Kaplan (voter) who will address a bankers association in Texas. Fed President Lockhart, set to retire effective Feb 28, will speak on his 10-year tenure at the Fed at an Atlanta Fed banking outlook conference.”

“CAD: The CFIB Business Barometer for February is the lone event on the data calendar. In January the index stood at its second highest level since mid-2015.”

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.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.