What to expect from the US unemployment claims - Forex News by FX Leaders

What to expect from the US unemployment claims

Posted Thursday, June 30, 2016 by
Skerdian Meta • 1 min read

The US unemployment claims figures are about to be released shortly. They are expected to come out a bit higher than previously, at 167k versus 159k last month. That is above last month’s figures but it still is a good number. Anything below 300k is considered a good number.

This particular piece of data has been a market mover in the recovery years after the 2008 financial crises, but in the last couple of years the importance of it has declined because the US employment sector has been pretty solid. That said, the big miss in the employment change last month has placed this data back on the spotlight.

So, if the unemployment claims come out near 300k it will spark a wave of USD selling because the forex market will fear that the employment sector I in trouble. If the numbers come out at these levels or lower, then it will definitely be positive for the US Dollar. That said, you better price in other factors as well such as the EU leaders summit. 

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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