Initial jobless claims expected to edge down from pandemic low. Dollar has stabilized after falling for three weeks and will respond to better or worse claims. Lower claims is a sign of economic acceleration and, therefore, USD would advance, FXStreet’s analyst Joseph Trevisani reports. Key quotes “Initial jobless claims in the week of August 7 are forecast to fall to 1.140 million continuing the improvement that began with the prior week’s drop to 1.186 million, the lowest since the pandemic began in March while continuing claims are predicted to decrease to 15.898 million from 16.107 million the previous week, also the pandemic low.” “Covid-19 cases, hospitalizations and fatalities are in decline in almost all of the states. Manufacturing businesses are fielding the highest levels of new orders in a year-and-a-half. The service sector which comprises about 85% of US economic activity had a record level of incoming orders in July. A logical response to such business conditions would be to rehire workers.” “The risk to the claims number especially after the unexpected improvement last week to is to the downside. If initial claims begin to fall the dollar and US economic prospects will surely rise.” 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 EUR/USD Price Analysis: Rising odds for a move above 1.19 FX Street 2 years Initial jobless claims expected to edge down from pandemic low. Dollar has stabilized after falling for three weeks and will respond to better or worse claims. Lower claims is a sign of economic acceleration and, therefore, USD would advance, FXStreet’s analyst Joseph Trevisani reports. Key quotes “Initial jobless claims in the week of August 7 are forecast to fall to 1.140 million continuing the improvement that began with the prior week’s drop to 1.186 million, the lowest since the pandemic began in March while continuing claims are predicted to decrease to 15.898 million from 16.107 million the previous week, also… 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.