20 Jun 2014
US docket extends its momentum - Danske Bank
FXStreet (Edinburgh) - Recent data releases in the US economy highlighted the solid path of the recovery, noted Sverre Holbek, Senior Analyst at Danske Bank.
Key Quotes
“Early in the US session, data showed initial jobless claims falling to 312k (313k expected, 318k prior), taking the four-week average close to cycle lows”.
“Later, the Philly Fed manufacturing survey rose to a nine-month high of 17.8 in June (14.0 expected, 15.4 prior), adding to evidence of a pick-up in the US capital investment cycle and pointing to a decent reading on the June ISM manufacturing survey”.
Key Quotes
“Early in the US session, data showed initial jobless claims falling to 312k (313k expected, 318k prior), taking the four-week average close to cycle lows”.
“Later, the Philly Fed manufacturing survey rose to a nine-month high of 17.8 in June (14.0 expected, 15.4 prior), adding to evidence of a pick-up in the US capital investment cycle and pointing to a decent reading on the June ISM manufacturing survey”.