US: Initial jobless claims and Philly Fed in focus today – TDS

Research Team at TDS, suggests that the market expects the US initial jobless claims to rebound from 259k, a five month low, to 268k.

Key Quotes

“TD is more bearish at 279k, pushing the 4w moving average back above 270k. Philly Fed is expected by mkt to improve to –1.5 from –2.8, while TD looks for a deterioration to –4.0. Rounding out the calendar is the Q4 current account balance; the consensus forecast is for the deficit to narrow slightly to $118bn.”

Research Team at TDS, suggests that the market expects the US initial jobless claims to rebound from 259k, a five month low, to 268k.

(Market News Provided by FXstreet)

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