- Initial jobless claims: 207K (expected: 213K; previous: 218K)
- Continuing jobless claims: 1,818K (expected: 1,810K; previous: 1,787K)
- Philadelphia Fed Manufacturing Index (April): 26.7 (expected: 10.3; previous: 18.1)
US jobless claims are sending very mixed signals. Initial claims came in clearly below expectations, indicating short-term strength in the labor market. However, continuing claims increased again — and above forecasts.
This suggests that the market may be focusing primarily on the short-term resilience of the labor market, maintaining optimism while overlooking a gradual, structural deterioration. These data points are likely to be difficult to interpret for both the Federal Reserve and investors.
At the same time, the Philadelphia Fed Manufacturing Index surprised to the upside. The past few months appear to show a slow but steady improvement in the manufacturing sector. Market reaction remains limited.
EURUSD (M1)
![]()
Source: xStation5
US100 at record highs 📈 What’s driving the bull run on Wall Street?
⬆️Chart of the Day - US500 Rises to All-Time Highs! (16.04.2026)
Economic Calendar - Final Eurozone Inflation and U.S. Industrial Production (16.04.2026)
Morning Wrap: Records on Wall Street in anticipation of the opening of the Strait of Hormuz (16.04.2026)
