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US: Industrial production amongst major economic releases today - TDS

In the US session, industrial production for July will serve as the data highlight amid a number of mid and lower-tier releases, explains the analysis team at TDS.

Key Quotes

“TD looks for an on-consensus print, with IP rising by 0.3% m/m though manufacturing production should underperform slightly with a 0.2% advance. The Philadelphia Fed Index for August will be released at 8:30 ET alongside initial jobless claims. Market expectations are for the Philadelphia Fed index to edge lower to 18.0 from 19.5 while claims are forecast to fall to 240k from 244k. Also on the schedule is a 13:00 ET speech by Dallas Fed President Kaplan which will be followed by an audience Q&A and press conference.”

Both industrial production and manufacturing production to rise in July – HSBC

Analysts at HSBC offer their insights on what to expect from the upcoming US industrial production data, which is expected to have a major impact on t
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GBP/USD slides back closer to over one-month lows, around mid-1.2800s

The GBP/USD pair failed to extend overnight recovery move and tumbled over 50-pips from session tops near the 1.2910 region. Currently hovering aroun
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