BREAKING NEWS
This evening at 6:00 PM IST, the U.S. Initial Jobless Claims and the U.S. Building Permits (Feb) data will be released.
Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.
The Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market.
Reactions are mixed for today's U.S. Initial Jobless Claims , Building Permits (Feb) and the Philadelphia Fed Manufacturing Index (Mar) compared to the very recent readings
Remember!
A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.
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