FXStreet – Research Team at TDS, suggests that markets will today focus attention to the lineup of Fed speakers in addition to a selection of mid-tier data releases. Key Quotes “Rosengren, Mester (both 2016 voters) and Kaplan (an alternate) are scheduled to give speeches on various topics: Kaplan will speak on the global economic outlook, Mester on the Fed’s outlook and Rosengren will discuss “Too Big to Fail” at a forum in Cape Town. It will be interesting to see if any of the Fed officials address the weakness seen in yesterday’s ISM report. On the data front, factory orders for December will serve as a highlight. The market consensus is for orders to fall 2.8% m/m while TD looks for orders to decline by a more tepid 0.2% m/m. Initial jobless claims for the week ending January 30 are expected by consensus to dip slightly lower to 277k from 278k last week. TD looks for new claims to fall to 274k which would pull the 4-week moving average lower to 282k. A preliminary reading for Q4 unit labour costs is expected to show labour costs increased an annualized 4.3% q/q, TD is slightly above consensus and forecasts a 4.5% print. Rounding out the calendar is the final revision for December’s durable goods orders and Challenger job cuts.” For more information, read our latest forex news.