US Retail sales, claims due at the bottom of the hour

US retail sales will be released with the initial jobless claims and Philly Fed Manufacturing at the bottom of the hour.

• Retail sales are expected to show a 0.6% gain vs 0.7% last month. The core is expected at 0.5% vs 0.2 % last month.
• Initial jobless claims are expected at 210K vs 201K last week. The trend remains lower
• Philly Fed Manufacturing is expected to show a decline of -5.2 vs -16.4 last month
• US import and export prices will also be released with est of -0.1% vs 0.1% last month

At 10 AM, business inventories are expected to rise by 0.1% and the NAHB housing market index is expected to dip to 45 from 46 last month.

Fed Williams expected to speak at 11 AM ET

This article was written by Greg Michalowski at www.forexlive.com.