US: Swath of economic data releases today – TDS

By FXStreet FXStreet (Delhi) – Research Team at TDS, suggests that a lot of data to digest in today’s US session where in addition to two weeks of mortgage applications, we will see a swath of other data.

Key Quotes

“ADP employment for December will set the tone for nonfarm payrolls later this week; TD is sitting below consensus and looks for 192k jobs created, down from 217k last month (consensus: 198k). We also expect to see November’s trade deficit widen to $45.4b from $43.89b in October (consensus: $44.0b) following an increase in the advance goods trade deficit.”

“Factory orders for November are expected by the market to fall 0.2% following a weak ISM manufacturing report earlier this week. On a related note, the ISM Non-Manufacturing Composite for December will be released (TD: 55.2, consensus: 56.0). Lastly, in the afternoon we have the heavily-anticipated minutes from the Fed’s December meeting, which will be scrutinized for any mention of post-liftoff trajectory.”
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Source:: FX Street