USD is waiting for the jobless claims!

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.

Check the economic calendar

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