Jobless Claims decreased (E15)

The data is in jobless claims were forecasted to be 207k and came in at 187k. Why should you care? It measures the number of individuals that have filed for unemployment. A higher than expected data point would have been taken as negative or bearish for the US dollar, where a lower than expected data point would be seen as positive or bullish for the US dollar. Let’s keep an eye on this data point for next week as well as the GDP! It’s essential to be prepared for the fed meeting. Are you considering investment opportunities based on these factors? Let’s stay informed and capitalize on potential market movements!