Markets Ahead of Fed Meeting
That day has come, guys! The Fed will hold a meeting at 21:00 GMT+3. It can be a highly impactful event. The markets expect the bank to hint about the timing of tapering.
Weekly employment data for the US: what to expect?
What will happen?
The United States will release the weekly Initial Jobless Claims on May 13, at 15:30 MT time. This is the earliest economic data of the country that reports the number of people who claimed unemployment insurance for the first time during the previous week. The number of unemployed people is an important signal of overall economic health. That is why the release may bring short-term volatility to the US dollar.
How to trade on the Initial Jobless Claims?
Check the economic calendar, which contains the expectations of analysts.
- If the actual figures are lower than the forecasts, the USD will strengthen;
- Alternatively, higher-than-expected figures will make the US dollar weaker.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
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