Lukas Bartosek / Profile
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A strong labour market and a steady rise in inflation are two key indicators of economic growth.
U.S. Unemployment claims hit a 7-year low of 297,000 last week, indicating genuine strength in the U.S labour market.
The U.S. consumer price index, the #1 measure of inflation / deflation, rose 0.3% in April, its strongest advance since June 2013.
Analysts predict more evidence of a strengthening labour market
on Thursday indicating a potential PUT/Sell position in EUR/USD.
Event: U.S. Unemployment Claims
When: Thursday 22nd May @ 12:30 GMT
Asset Impact: EUR/USD
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New Home Sales
Actual:
Forecast:400K
Previous:414K
Today at 16:00
Current Time: 15:20 (GMT +1:00)
His comments may determine a short-term positive or negative trend.
http://www.federalreserve.gov/newsevents/speech/2013speech.htm
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