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USD - Major events in the week ahead

Friday, Jun 10 2016

Events that marked the week:

On Wednesday JOLTS Job Openings figures were released. Job openings were little changed at 5.8 million in April. The job openings rate was 3.9 percent. The number of job openings was little changed in April for total private and for government. The number of hires edged down to 5.1 million in April. The hires rate was 3.5 percent. The number of hires was little changed in April for total private and edged down for government (-31,000). Hires were little changed in all industries in April and decreased in the Midwest region.

Thursday brought Unemployment Claims figures. In the week ending June 4, the advance figure for seasonally adjusted initial claims was 264,000, a decrease of 4,000 from the previous week's revised level. The 4-week moving average was 269,500, a decrease of 7,500 from the previous week's revised average. This marks 66 consecutive weeks of initial claims below 300,000, the longest streak since 1973.

 

Friday was marked by Consumer Sentiment data. Confidence among American consumers in June eased from an almost one-year high as favorable views about personal finances were offset by concerns about the economy’s prospects, a University of Michigan survey showed on Friday. Preliminary June index fell to 94.3 from 94.7 in May; median projection in a Bloomberg survey of economists called for 94. Current conditions index, which takes stock of Americans’ views of their personal finances, climbed to 111.7, the highest since July 2005, from 109.9 Euro lower in a quiet Friday session.

 

This week markets will be looking at:

 

Retail Sales (Tuesday 14:30)

PPI (Wednesday 14:30)

Empire State Manufacturing Index (Wednesday 14:30)

Industrial Production (Wednesday 15:15)

Federal Funds Rate/FOMC Statement (Wednesday 20:00)

FOMC Press Conference (Wednesday 20:30)

CPI (Thursday 14:30)

Philly Fed Manufacturing Index (Thursday 14:30)

Unemployment Claims (Thursday 14:30)

Building Permits/Housing Starts (Friday 14:30)

More in this category: « US Consumer Sentiment fell to 94.3 China's Industrial Production rose by 6% in May »

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