US: Jobless claims and Philadelphia Fed Index in focus today - TDS

Sandeep Kanihama FXStreet Contributor

According to analysts at TDS, in the US, the Philadelphia Fed Index will give a second look at regional business conditions after an upside surprise Empire Manufacturing last week and consensus looks for the Philly Fed to pull back to 29.0 in June from 34.4.

Key Quotes

“Meanwhile, the market expects initial jobless claims to edge higher to 220k for the week of June 16.”

“Lastly, the Fed's Kashkari (non-voter) is scheduled to speak in Minneapolis at 9:00 ET.”

“Canada: TD looks for wholesale sales to print at 0.3% m/m in April, in line with market estimates, as the tailwind from a surge in trade activity is offset by soft manufacturing sales. ADP will also release May payrolls at 8:30 ET.”

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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