US: Initial jobless claims and import prices data in focus – TDS

By FXStreet Research Team at TDS, suggests that the US Initial jobless claims for the week ending May 7 should retreat from recent highs.

Key Quotes

“TD is more bullish than the 270k market consensus and looks for claims to dip to 263k, which should put upward pressure on the 4-week average. April’s import prices are expected to rise after falling for the better part of a year. TD sees import prices gaining 0.3% m/m (market: 0.6% m/m), the first positive print since June 2015. It will be a very busy day for Fed speakers with Mester, Rosengren and George all on the agenda; all of them are voters in 2016 with George registering the lone dissenting vote for a hike at the last two meetings.”
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Source:: FX Street