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14 May 2015
US weekly jobless claims expected to move modestly higher – TDS
FXStreet (Barcelona) - The TD Securities Team previews the key US data releases ahead in the day – PPI and weekly jobless claims report.
Key Quotes
“Early focus will fall on the PPI and weekly jobless claims reports, with the former expected to increase 0.2% m/m on the headline and 0.1% m/m on core amid rising energy prices. This should allow the headline to tick up to -0.7% y/y and 1.0% y/y on core.”
“Weekly jobless claims should edge modestly higher to 270K from 265K.”
“The $16B 30yr auction will garner the market’s attention later in the day as the Treasury market attempts to achieve further stability in the wake of the recent selloff.”
Key Quotes
“Early focus will fall on the PPI and weekly jobless claims reports, with the former expected to increase 0.2% m/m on the headline and 0.1% m/m on core amid rising energy prices. This should allow the headline to tick up to -0.7% y/y and 1.0% y/y on core.”
“Weekly jobless claims should edge modestly higher to 270K from 265K.”
“The $16B 30yr auction will garner the market’s attention later in the day as the Treasury market attempts to achieve further stability in the wake of the recent selloff.”