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[macro outlook] Today, focus on the number of people applying for unemployment benefits in the United States in the week from September 12 to September 12.
Sep 17,2020 06:50CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM9 March 17: today's focus on the number of initial jobless claims in the United States in the week from September 12 to September 12.

Generally speaking, in the benign inflationary environment, the better-than-expected inflation in the euro zone's CPI annual rate and monthly rate in August indicates that the market is liquid and the economy develops better than expected, which is good for the domestic currency. Otherwise, it indicates that the economy is shrinking and is bad for the domestic currency.

The number of people applying for unemployment benefits in the week from September 12 to September 12 in the United States (10,000), as this data is released every week, is the focus of the investment market, and the substantial increase in the number of unemployed will increase the financial pressure on the US government. it is also a test for the US economy, which is suffering from "double red sickness", which is disadvantageous to the US dollar.

The total number of new housing starts in the United States in August is annualized (10,000 units), and new housing starts are calculated on an annual basis for new homes or buildings that began construction in that month. It shows the strength of the US real estate market and helps to analyze the overall economy, because the real estate market is a key factor in the economy. If the indicator is higher than expected, the dollar should be considered strong / bullish, while if the indicator is lower than expected, the dollar should be considered weak / bearish.

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