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July 20 Initial Claims Preview - 08:30......>

US DATA
US DATA: July 20 Initial Claims Preview - 08:30 EDT/13:30 BST
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- The level of initial claims is expected to rise to 218,000 based on the
Bloomberg consensus and to 220,000 based on an MNI survey of analysts. This
follows a rise to 216,000 in the previous week.
- Seasonal factors expected unadjusted claims to decline in the current week as
the impact of the auto retooling gains unwind in the second half of the month. 
- If either of the forecasted levels are accurate, the four-week moving average
will decline as the 229,000 level in the June 22 week rolls out of the
calculation.

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