According to analysts at Nomura, initial jobless claims and Philly Fed survey are going to be the key economic releases for today’s US session. Key Quotes “Initial jobless claims remain subdued in a tightening labor market. A surprise increase in the unemployment rate in June was driven not by the newly unemployed but rather a sharp increase in the number of unemployed workers reentering the labor force. With elevated labor demand, we expect initial jobless claims to remain low over the medium term.” “Philly Fed survey: Similar to our view on Empire State survey, we think that the Philly Fed survey would reflect ongoing momentum in the industrial sector despite elevated trade uncertainties. We expect the headline index to reach 20.0 in July, after registering 19.9 in June. This reading would be consistent with steady pace of business growth in the sector. Substantial escalation in trade tensions, however, can weigh on sentiment materially.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY Technical Analysis: Consolidates before the next leg of bullish move FX Street 5 years According to analysts at Nomura, initial jobless claims and Philly Fed survey are going to be the key economic releases for today's US session. Key Quotes "Initial jobless claims remain subdued in a tightening labor market. A surprise increase in the unemployment rate in June was driven not by the newly unemployed but rather a sharp increase in the number of unemployed workers reentering the labor force. With elevated labor demand, we expect initial jobless claims to remain low over the medium term." "Philly Fed survey: Similar to our view on Empire State survey, we think that the Philly Fed… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
