When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
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.
Considering current Treasury yield spreads, the chance of a recession is now nearly 99.3% - 100%. Read the full report to learn more!
It’s Wednesday, the froggy day for the whole internet. Here’s news that moves the market:
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
Some progress in US debt ceiling talks is made, and the PMI data is out.