FXStreet (Edinburgh) – Analysts at Danske Bank noted the interesting data to be released today both in Europe and the US economy.
Key Quotes
“The euro-area May confidence indicators are released today and we do not expect any surprises with confidence virtually unchanged since April”.
“In the US initial jobless claims have trended lower in recent weeks suggesting continued progress in the labour market. This stands in contrast to other more downbeat economic data released recently and it will be interesting to see if claims stayed subdued last week”.
“Further, we expect US pending home sales to have increased 0.8% m/m in April in line with other indicators, showing improved activity in the housing market”.
“Minneapolis Fed President Kocherlakota (non-voter, dove) will speak this evening and ECB governing council member Novotny will speak in the morning”.
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