
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
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.
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
We prepared an outlook of major events of this week. Check it and be ready!
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!