- US Initial Jobless Claims Actual 223k (Forecast 224k, Previous 220k)
- US Philly Fed Business Index Actual 12.5 (Forecast 9, Previous 18.1)
The data is mostly in line with expectations. EURUSD is losing some ground after the release and remains in a strong downtrend.
Chart of the Day: USDJPY After Japanβs Intervention. The Exchange Rate Falls Below 160, but Pressure on the Yen Remains
Economic Calendar: JOLTS Report and Key U.S. Data Take Center Stage
Daily summary: Sense of relief to global marketsπ’ OIL prices dip 8%π¨
BREAKING: US ISM Manufacturing - Strong Beat Across the Board