US Initial Jobless Claims (W/W) 2-Aug: 226K (est 222K; prev 218K; prevR 219K)
US Unit Labour Costs Q2 P: 1.6% (est 1.5%; prev 6.6%)
Nonfarm Productivity: 2.4% (est 2.0%; prev -1.5%)
The slightly higher-than-expected number of unemployment claims is the latest reading in a row pointing to a weakening US labor market. This is also why we're seeing a rising EUR/USD response as investors increase the likelihood of a faster Fed interest rate cut.
Daily Summary: Wall Street ends the week with a calm gain 🗽 Cryptocurrencies slide
NATGAS surges 5% reaching 3-year high 🔎
Bitcoin loses 3% 📉Technical bearish flag pattern?
3 markets to watch next week (05.12.2025)