01:30 PM BST, United States - Employment Data:
- Initial Jobless Claims: actual 247K; forecast 236K; previous 239K;
- Jobless Claims 4-Week Avg.: actual 235.00K; previous 230.50K;
- Continuing Jobless Claims: actual 1,904K; forecast 1,910K; previous 1,907K;
01:30 PM BST, United States - Balance of Tade Data for April:
- Trade Balance: actual -61.60B; forecast -67.60B; previous -138.30B;
- Exports: actual 289.40B; previous 278.50B;
- Imports: actual 351.00B; previous 419.00B;
The data is mixed. The reaction on EUR/USD is likely caused by higher-than-expected weekly jobless claims. This is already the second labor market report this week indicating a weakening in the sector. The trade balance came in slightly better than expected, with the deficit decreasing
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