US initial jobless claims to edge lower - TDS

Research Team at TDS, suggests that its a quiet day on the data front with initial jobless claims are the sole event, where new claims for the w/end Feb 6 are expected by the market to edge lower from 285k to 280k.

Key Quotes

“TD looks for a stronger print of 268k which would drag the 4-week moving average lower to 281k. Apart from jobless claims, investors can also look forward to the second day of Yellen’s testimony which will see her in front of the Senate Banking Committee, though it is not likely to garner as much attention as yesterday.”