Initial jobless claims and ISM manufacturing highlight the US economic calendar ...Middle East

The combination of upbeat commentary from Visa and the internals of yesterday's GDP report has the market thinking that the economy is on strong footing. The recent initial jobless claims numbers bear that out but that set will be tested again today. The consensus is 224K, up a touch from 222K a week ago.

WTI crude was last down $1.21 to $57.00.

This article was written by Adam Button at www.forexlive.com.

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