The number of American filing for unemployment insurance in the week ending April 3 is forecast to be at historic levels for the third week in a row as the layoffs and job losses from the public health crisis roll through the US economy, FXStreet’s analyst Joseph Trevisani reports. Key quotes “Initial unemployment claims are expected to be 5.250 million. Three week total would be more than 15 million, 10% of the workforce.” “If claims are higher than last week’s 6.648 million it would indicate that the economic damage will be even greater and the recovery more difficult and prolonged. If so the dollar will ride higher.” “If claims are as predicted or lower they will have lost the ability to frighten and the dollar’s risk premium will begin to deflate.” 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 US Dollar Index Price Analysis: Positive stance unchanged above 200-day SMA FX Street 2 years The number of American filing for unemployment insurance in the week ending April 3 is forecast to be at historic levels for the third week in a row as the layoffs and job losses from the public health crisis roll through the US economy, FXStreet’s analyst Joseph Trevisani reports. Key quotes “Initial unemployment claims are expected to be 5.250 million. Three week total would be more than 15 million, 10% of the workforce.” “If claims are higher than last week’s 6.648 million it would indicate that the economic damage will be even greater and the recovery more difficult and prolonged.… 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.
