US Unemployment Claims under expected result

Yesterday’s markets

7th December 2017

  • USD - ADP Non-Farm Employment Change
  • CAD - BOC Rate Statement
  • USD - Crude Oil Inventories

Today is quiet in terms of Economic data. The only notable piece of data comes from the US, with their latest Unemployment stat released, ahead of the all-important Non-Farm Payrolls postings. Unemployment Claims this month posted 236k, which is just under the expected 239k.

Back in the UK, Theresa May is still hopeful that she can get Brexit talks back on track and tackling her most recent incidents with Boris Johnson and the DUP. The deadline to secure a good deal is creeping ever closer, and it is absolutely crucial that May reaches an agreement soon. If May can turnaround the current situation, this will be beneficial for Sterling.

Today’s markets

6th December 2017

  • USD - Unemployment Claims
  • EUR - ECB President Draghi Speaks
  • JPY - Bank Lending y/y

Tomorrow sees the all-important Non-Farm Payroll results from the US released. With no significant postings from the UK all week, it is unlikely to be a market moving result. The intense focus on Brexit will divert the markets attention.