The US is set to release Initial Jobless Claims for the week of April 10 at 12:30 GMT. Joseph Trevisani, an analysts at FXStreet, explains the figures expected and the implications for the US dollar. Key quotes “Initial unemployment claims are expected to be 5.1 million while continuing claims are projected to almost double to 14 million. Four week total would be over 21 million, 13% of the workforce.” “Projections for the unemployment rate which was 4.4% in March range as high as 30% in the months ahead.” “Even though the safety trade has diminished somewhat the potential, as evidenced by the modest dollar gains after the retail sales numbers, for a recurrence remains strong.” “Jobless claims have become the economic epicenter for the US economy and the currency market will likely respond to any substantial variation from the forecast.” 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 USD/CAD: Likely to rise back towards the 1.4500-level – MUFG FX Street 2 years The US is set to release Initial Jobless Claims for the week of April 10 at 12:30 GMT. Joseph Trevisani, an analysts at FXStreet, explains the figures expected and the implications for the US dollar. Key quotes “Initial unemployment claims are expected to be 5.1 million while continuing claims are projected to almost double to 14 million. Four week total would be over 21 million, 13% of the workforce.” “Projections for the unemployment rate which was 4.4% in March range as high as 30% in the months ahead.” “Even though the safety trade has diminished somewhat the potential, as evidenced… 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.
