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 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.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.