FXStreet (Barcelona) – Previewing the US data releases ahead in the day, the TD Securities Team expects the industrial production data to see a 0.3%mom increase in May.
Key Quotes
“Industrial production is forecast to have increased by 0.3% m/m in May (in line with market expectations) the first advance in this series in six months, led by manufacturing. Capacity utilization is expected to increase to 78.5%.”
“The June edition of the Empire Manufacturing Index will also be released and here the market is looking for an increase to 6.0 from 3.1.”
“The NAHB Housing Market Index for June is also expected to show improving sentiment, rising to a forecasted 56 from 54. The April TICs report will round out the day’s releases.”
(Market News Provided by FXstreet)