Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
Weekly US employment: a chance for the USD
What will happen?
The United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3). This indicator shows the number of individuals who filed for unemployment insurance for the first time during the previous week.
Why is it important?
This release provides the freshest insight into the situation in the US labor market. Based on its change, traders may suggest the level of the next non-farm payrolls.
In the picture below, you can see how better-than-expected figures affected the US dollar.
How to trade on the US Unemployment Claims?
To trade on this economic release, check the calendar on the FBS website.
- If the Unemployment Claims are smaller than the forecasts, the USD will strengthen;
- Alternatively, the USD will weaken.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.