Initial claims are expected to drop to 2.1 million from 2.438 million while continuing claims are forecast to add 677,000 to 25.75 million. Markets are looking for signs that rehiring is starting to cut into unemployment as dollar risk-premium continues to ebb, FXStreet’s analyst Joseph Trevisani reports. Key quotes “Initial Jobless Claims are forecast to rise 2.1 million in the May 22 week bringing the total to 40.715 million, 24.7% of the American work force since the pandemic crashed into the US economy in the middle of March. Continuing Claims are predicted to rise to 25.75 million in the May 15 week from 25.073 million.” “The reopening of the economy is expected to bring millions of unemployed back to work, though to last week there has been no indication of that in the claims statistics.” “For the markets that are eagerly anticipating recovery, a small indication will suffice. It will not take much good news to send the equities higher and cause the dollar to surrender the balance of its risk advantage.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD moves back closer to session tops, holds comfortably above 0.6600 mark FX Street 3 years Initial claims are expected to drop to 2.1 million from 2.438 million while continuing claims are forecast to add 677,000 to 25.75 million. Markets are looking for signs that rehiring is starting to cut into unemployment as dollar risk-premium continues to ebb, FXStreet’s analyst Joseph Trevisani reports. Key quotes “Initial Jobless Claims are forecast to rise 2.1 million in the May 22 week bringing the total to 40.715 million, 24.7% of the American work force since the pandemic crashed into the US economy in the middle of March. Continuing Claims are predicted to rise to 25.75 million in the May… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
