What to Trade on August 22–26?
How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3 Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…
Weekly US employment data: chances for the USD
The United States will release unemployment claims on August 20, at 15:30 MT time.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
We continue to closely follow the situation with US employment. The release of US unemployment claims provides us an overview of the current situation in the labor market of the biggest economy. It is the number of people who applied for unemployment insurance for the first time during the past week. Judging by these figures, analysts may suggest what the next NFP release is going to be. Last week, the actual level of unemployment claims came out lower than the forecast of 1 410K. The data showed 1 186K people filed for unemployment benefits. This time analysts expect an even lower number of people (1 120K).
- If the indicator is higher than the forecasts, the USD will fall;
- If the indicator is lower than the forecasts, the USD will rise.
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