Research Team at TDS, suggests that the US preliminary durable goods orders are the salient release on today’s agenda. Key Quotes “Following an exceptionally weak 5% m/m slide December, TD expects January’s orders to recoup some of last month’s loss, though any gains will be attributable to strong Boeing orders. TD expects headline orders to increase 3.5% on a monthly basis; however, excluding transportation, orders should decline a further 1.2% m/m (consensus: 2.9% m/m and 0.3% m/m, respectively). Looking to Initial jobless claims, TD expects a sizeable jump to 284k from 262k last week. The market is much more optimistic, with an increase to 270k serving as the consensus estimate. Rounding out the data calendar are FHFA house prices for December and the Kansas City Fed Index for February. The market has the FHFA HPI increasing by 0.5% m/m, in line with TD’s forecast, while a small group of forecasters have predicted the Kansas City Fed Index to improve from –9 to –6.” For more information, read our latest forex news.