The latest Unemployment Claims data is out, and as always, the market is paying close attention.
These numbers often give a real-time glimpse into the health of the U.S. labor market and can shift expectations for the Fed’s next move.
For traders, this usually means volatility in USD pairs and Gold (XAUUSD).
Some questions to kick off discussion:
- Do you think today’s numbers will push USD higher or lower in the short term?
- How much weight do you give to weekly claims compared to the bigger NFP report?
- Are you planning to trade the reaction or wait for the market to settle first?
Would love to hear how you guys approach Unemployment Claims days. Do you treat them as big opportunities, or more as background noise compared to other data releases?