Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
How bad is the US unemployment?
Information is not investment advice
The US unemployment claims will be announced on Thursday at 15:30 MT time.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY, USD/CAD
The numbers for initial jobless claims in the US in March and April will hardly be forgotten… ever. 6.8 million people applying for the unemployment benefits as reported on April 2 – that was something unseen in the US history, and the shock was aggravated on the contrast with the stunning performance of the American labor market at the end of 2019 and beginning of 2020. Another negative element was the surprise factor of the April 2 figure which came almost twice as high as the market expected. April 9 brought 6.6 million people applying for the benefits, which was more than the market forecast. If this week the figure comes more than expected once again, it should have a negative effect on the USD.
- If the figure is higher-than-expected, the USD will drop.
- Otherwise, it will be boosted.
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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