23 Jul 2015
NA session: Key events to watch out - TDS
FXStreet (Mumbai) - Strategy Team at TDS Securities notes the key events to be reported in the North American session ahead.
Key Quotes:
“CAD Retail sales are forecast to have increased by 0.7% m/m in May (market: +0.6%) which will balance weaker auto sales with strength elsewhere including greater revenues at gasoline stations tied to higher prices at the pump.”
“Excluding autos, sales are expected to be firmer at 1.2% m/m (market: 0.8% m/m). Retail volumes are expected to be more subdued with a forecasted increase of 0.4%.”
“USD Weekly jobless claims will draw some attention, with claims distorted by seasonal auto shutdowns. We look for claims to briefly move higher to 300K from 281K, with the market anticipating a modest decline top 278K.“
“On the supply front, Treasury will auction $15B in new 10yr TIPS and will announce next week’s $90B 2s5s7s auction series ($26B in 2s, $35B in 5s, and $29B in 7s).”
Key Quotes:
“CAD Retail sales are forecast to have increased by 0.7% m/m in May (market: +0.6%) which will balance weaker auto sales with strength elsewhere including greater revenues at gasoline stations tied to higher prices at the pump.”
“Excluding autos, sales are expected to be firmer at 1.2% m/m (market: 0.8% m/m). Retail volumes are expected to be more subdued with a forecasted increase of 0.4%.”
“USD Weekly jobless claims will draw some attention, with claims distorted by seasonal auto shutdowns. We look for claims to briefly move higher to 300K from 281K, with the market anticipating a modest decline top 278K.“
“On the supply front, Treasury will auction $15B in new 10yr TIPS and will announce next week’s $90B 2s5s7s auction series ($26B in 2s, $35B in 5s, and $29B in 7s).”