Market foсus

On Thursday, 09.11.2017, the economic calendar will not be marked by a significant news background. Among all the news presented on the calendar, it is worth highlighting data on the number of initial applications for unemployment benefits in the US. This indicator measures the state of the labor market. The growth in the number of new applications signals that fewer people are hired.

According to the forecast, the number of initial applications for unemployment benefits will be 231 thousand, slightly higher than the previous value of 229 thousand. The release of data within the forecast will put a slight pressure on the US dollar. In case the actual value of the indicator comes out with a deviation of 5% from the previous value, one should expect the American movement within 40 points against the basket of currencies.

Alexander Sivtsov