Forex News March 29
Forex, Crypto, Metals, and Stocks News for March 29. Here’s what you need to know for today:
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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