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Canada: January manufacturing sales preview - TDS

The Research Team at TDS note that the Canadian manufacturing sales data for the month of January is expected to come in a tad better.

Key Quotes:

“Manufacturing sales are forecast to post a modest advance in January by both TD and the wider market. TD looks for a 0.2% m/m increase, slightly below the consensus for a 0.3% gain. However, much of the strength will be attributable to higher energy prices, which may leave volumes weaker on the month. Existing home sales for January will be released shortly afterwards at 9:00 ET.”

WTI under pressure near $ 53, EIA report in focus

Oil futures on NYMEX broke the bearish consolidative mode to upside and reached session highs just ahead of $ 53 mark. However, the bulls failed to su
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USD/JPY extends Yellen-inspired rally, climbs to near 3-week highs

The USD/JPY pair built on Tuesday's up-move, led by growing expectations for higher US interest rates, and touched nearly 3-week high at 114.60 level.
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