US: Philadelphia Fed and jobless claims in focus - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TDS suggest that the release of Philadelphia Fed Index and jobless claims will be keenly watched economic releases from today’s US session.

Key Quotes

“The Philadelphia Fed Index will provide an update on regional business conditions for May. TD is above the market and expects the index to edge slightly higher from 22 to 23 on a robust trend in new orders; the market is slightly more downbeat and looks for a decline to 18.5.”

“Initial jobless claims are the only other data release and the market is looking for a slight drift higher from 236k to 240k. The Cleveland Fed’s Loretta Mester (non-voting hawk) is the lone Fed speaker for the day. She is scheduled to give a speech on the economy and monetary policy at 13:15, which will be followed by an audience Q&A and press conference.”

“CAD: International securities transactions for March are the lone event and are coming off a record $38.8bn in purchases which was caused by a spike in equity issuances to non-residents.”

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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