The USD to get boosted by the US labor market?

The USD to get boosted by the US labor market?

What will happen?

On Thursday, February 25, at 15:30, the initial jobless claims will be published in the US. It’s a regular data release similar to the NFP but less of an impact. Yet, it provides first-hand information on the US labor market dynamics, and as such, defines the moods of the USD traders and investors.

How to trade it?

While the general trend has been the gradual reduction in the number of unemployment claims in the US, the actual figures exceed the expectations from time to time. A slight over- or underperformance may not bring any substantial impact on the course of the USD. However, an unexpectedly big deviation, especially to the lower side, makes the USD go down.

  • If the actual data is better-than-thought, the USD goes up;
  • Otherwise, it goes down.

Check the economic calendar

Instruments to trade: EUR/USD; GBP/USD; USD/CAD; AUD/USD

USD2.jpg

                                                                                                      LOG IN

Similar

Latest news

Will USD Stop Falling Today? Market Wrap
Will USD Stop Falling Today? Market Wrap

The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong. 

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera