US Unemployment Claims is forecast to fall by 241k, what will be the impact on USD?

[Zerologic]

Today investors will wait for new news from US economic data regarding core retail sales and retail sales, as well as Unemployment Claims. Core retail sales are forecasted to be the same as the previous data release at 0.1%. Meanwhile, retail sales are predicted to increase 0.3% from the previous data revision of 0.1%.

In theory, if the actual data released later is greater than the forecast, it could support USD strengthening.

On the other hand, investors will also see Unemployment Claims data which is predicted to fall by 241k from the previous data revision of 258k. If there is a large difference in actual data compared to the forecast, this will usually affect USD volatility.

 

[AMZFx]

Yep, today’s data releases will be key for USD volatility. If retail sales exceed forecasts, USD could strengthen. Lower-than-expected unemployment claims may also boost USD. But any major deviation from expectations could bring sharp market moves. Let’s see how it plays out!

 

[Xavier1]

Today's focus is on US Core Retail Sales, Retail Sales, and Unemployment Claims. Stronger-than-expected data could boost USD, while weaker figures may pressure it. A significant deviation from forecasts, especially in jobless claims, could drive volatility. Traders should watch for market reactions and adjust strategies accordingly.