USD is waiting for the jobless claims!

The US unemployment claims are announced on Thursday at 15:30 MT time.

Instruments to trade: EUR/USD, GBP/USD, USD/CAD, USD/JPY

Initial jobless claims posted each Thursday in the US became a central tool to track the pulse of the reopening process in the States – or re-closing. The last release revealed 1.31 million claims for unemployment benefits – down from 1.41 a week before. In general, it is obvious that we are seeing a gradual decrease in the number of jobless people. However, due to the latest infection spikes in the US and the cancellation/freezing of re-opening procedures in some of the states, we may see slower recovery compared to the previously observed tendency. 1.25 million is the expected figure this time.

If the jobless claims are lower than expected, the USD will rise;
If the jobless claims are higher than expected, the USD will fall.

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trading the news usd

Gaspar Markosyan

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