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

By FXStreet Research Team at TDS, suggests that the initial jobless claims and Philly Fed Index will be the key economic releases for the day.

Key Quotes

“Initial jobless claims are projected to edge higher to 275k for the week ending Feb 13. TD is below consensus (263k ) new applicants, pulling the 4-week moving avg to 273k.

TD is also below consensus for the Philly Fed Index and expects the business outlook to slip to –7 from January’s –3.5; the mkt at –3.0. The leading index for January will be released at 10:00 ET and is expected to indicate a deterioration of economic conditions. TD is slightly more bearish than the consensus at –0.3% m/m.”
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Source:: FX Street