US: Focus on initial jobless claims and factory and durable goods orders - BBH

Research Team at BBH, suggests that after the flurry of UK activity, the market may briefly turn its attention to the US data and today's calendar features weekly initial jobless claims (which are of little significance ahead of tomorrow's national jobs report) and June factory and durable goods orders. 

Key Quotes

“These are June reports.  They could impact projections for revisions to Q2 GDP (recall that weakness in construction spending reported earlier this week gives an initial lower bias for revisions).   

The euro has seen some follow through selling after yesterday's losses in North America.  While support near $1.1100 may be frayed, only a break of the $1.1065 would be technically significant.  A move now above $1.1160 would stabilize the tone.  Like yesterday, the dollar continues to trade within Tuesday's range against the yen.”