Today *USD Initial Jobless Claims* report will be released at *05:30 PM*.
This is a relatively high impact news and may have a substantial impact on USD.
Traders are advised to trade with caution.
*Previous : 326k Consensus : 344K*
*What is Initial Jobless Claims?*
Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.
*Impact:*
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
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