Today traders await the US inflation data to be out at 15:30 MT. Jump in to get fresh trade ideas for today!
How bad is the US unemployment?
The US unemployment claims will be announced on Thursday at 15:30 MT time.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY, USD/CAD
The numbers for initial jobless claims in the US in March and April will hardly be forgotten… ever. 6.8 million people applying for the unemployment benefits as reported on April 2 – that was something unseen in the US history, and the shock was aggravated on the contrast with the stunning performance of the American labor market at the end of 2019 and beginning of 2020. Another negative element was the surprise factor of the April 2 figure which came almost twice as high as the market expected. April 9 brought 6.6 million people applying for the benefits, which was more than the market forecast. If this week the figure comes more than expected once again, it should have a negative effect on the USD.
- If the figure is higher-than-expected, the USD will drop.
- Otherwise, it will be boosted.
The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.
In this article, you'll find the latest news and tech analysis of EUR/USD, gold, and GBP/USD!
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
As the earnings season kicks in, JPMorgan is the first to impress us with the better-than-expected data!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.