AWARDS

What is it? It checks the number of individuals who filed for unemployment insurance for the first time during the past week.

Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.

When? March 26^th at 8:30am Eastern Time.

Trading Tip: If the actual number is lower than the forecast, you can expect the USD to rise.

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During today’s early trading session, Asian stocks traded slightly up as Japanese shareholders are expected to receive higher returns on dividends later this week, however, gains were limited as Indices traded close to 15 year highs.

During the European session, the Euro traded higher against a basket of major currencies following positive German data. The German Ifo Business Climate Index showed a reading of 107.9, higher than the expected figure of 107.3. Traders are now awaiting a number of important economic events taking place tomorrow, including the Retail sales and Core retail sales, negative data could weaken the GBP in the short term.

During early U.S. trade, the Dollar weakened against a basket of major currencies following the release of negative data. The Core Durable Goods orders for the month of February showed a 1.4% decline, new orders were expected to rise by 0.3%, furthermore, the price of US Oil rose off the back of the weaker Dollar.

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What is it? It checks the change in the number of barrels of crude oil held in inventory by commercial firms during the past week.

It influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods.

When? March 25^th at 10:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.

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