US Update – May 28 – Data In line

EURUSD, H1 The -323,000 initial claims drop to 2.123 million in the fourth week of March extended the -241,000 decline to 2.446 million (was 2,438 million) in the BLS survey week, leaving a decline that was largely in line with assumptions. More importantly, we saw a -3.860 million plunge in continuing claims to 21.052 million, …

May 19 – UK Jobless Rises & German ZEW Preview

GBPUSD & EURGBP, H1 UK labour market data revealed a massive 856.5k spike in jobless claims in April, reflecting the impact of the lockdown, while the figures for March employment cover a period preceding the lockdown (which began on March 23rd in the UK), and showed the unemployment rate actually dipping, to a rate of …

Events to Look Out for Next Week

Welcome to our weekly agenda, our briefing of all the key financial events globally. The week ahead is expected to be dominated by the reopening of states and the easing of lockdown restrictions globally. Safety remains a draw even as the panic that gripped markets in March subsided in April — the path out of …