U.S. employment data

• Initial jobless claims, fact 202K, forecast 216K.

The number of applications for unemployment benefits in the United States in March is close to the minimum values, which is a very positive signal before the Friday jobs report in the US. Also yesterday’s data on the number of people employed in the non-agricultural sector from the US ADP increased optimism about the dollar. The number of initial claims for unemployment benefits is very optimistic and maintains a downward trend.

The US dollar index accelerated growth on optimistic employment data in the United States, overcoming significant resistance 97.20 and pointing to the recovery of the American dollar. Closing the day of the US dollar indices above the level of 97.20-30 will indicate attempts to resume an uptrend.

Fig. 1. The US dollar index chart. The current price is 97.30 (10-year government bonds yield is the blue line)

Read also: “Will it be new oil quotas in OPEC”

Hanzenko Anton

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