A sharp rise in new unemployment claims last week is just the tip of the iceberg, in the opinion of Josh Nye, a Senior Economist at the Royal Bank of Canada. Key quotes “US jobless claims jumped to 281,000 last week, the largest weekly increase since 2012.” “Today’s data covers the week ending March 14, so won’t have fully captured this week’s escalation in both mandatory and discretionary business closures that will have resulted in significant layoffs.” “Expect a much larger increase in next Thursday’s initial claims report.” 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/RUB: RUB potential limited by oil market – Nordea FX Street 2 years A sharp rise in new unemployment claims last week is just the tip of the iceberg, in the opinion of Josh Nye, a Senior Economist at the Royal Bank of Canada. Key quotes “US jobless claims jumped to 281,000 last week, the largest weekly increase since 2012.” “Today's data covers the week ending March 14, so won't have fully captured this week's escalation in both mandatory and discretionary business closures that will have resulted in significant layoffs.” “Expect a much larger increase in next Thursday's initial claims report.” 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.
