The psychological 600,000 level in weekly jobless claims could be pierced if present trends hold. Last week we fell to 601,000 and economists forecast a similar outcome today.

Later in the morning, we get the Philly Fed survey, the first bit of June data. It correlates reasonably well with ISM, so it will be closely watched, as always.

After stalling just shy of 1.4000 earlier today, EUR/USD sits now in the lower end of its range at 1.3925.