The main currency pair is trading slowly on Friday afternoon with volumes below average – the Catholic world meets the Passover, which, however, does not negate the evening block statistics.
On Friday afternoon, the euro/dollar is trading around the 1.0870 mark at very low revs. Investors have started to adjust positions ahead of the Easter weekend yesterday.
According to the data released yesterday, the number of claims for unemployment benefits in the US last week fell by 20 thousand and amounted to 268 thousand with the forecast of 285 thousand. It is worth noting that the report last week was revised to increase to 288 thousand against 282 thousand earlier.
In all of this the figure is now kept at a minimum of almost sixteen years, and it is very positive. Moreover, such informative content of the reports can attract the attention of the Federal Reserve, which is closely monitoring the situation in the labour market.
The closed US stock market on Friday does not mean that there will not be any statistics: the whole calendar on the labour market that is of interest to us will be released in full. It is expected that the unemployment rate in March will remain at around 5.5%, while the number of jobs outside the agricultural sector (NFP) in the past month increased by 245 thousand against the growth of 295 thousand a month earlier.
RoboForex Analytical Department