Forex: EUR/USD Before the Jobless Claims

on May 23, 2013
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The US report on unemployment claims will be released today at 13:30 BST. It will show the number of individuals who filed first-time claims for state unemployment insurance. It is an important signal of overall economic health, because consumer spending is highly correlated with labour-market conditions. As such, Initial jobless claims are one of the main items on today’s calendar.

Last week the report had revealed 360K. Today experts expect a slight decrease in that number to 347K, which will ease concerns that the labor market is weakening.
In his speech yesterday, Ben Bernanke said that “real and sustainable” improvement in the labour market must be first seen before paring bond purchases.

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EUR USD Forex