The US has just released the data for the unemployment claims. Previously the unemployment claims released on the April 13, 2023 was at 240K which was promptly broken by the April 20, 2023 data standing at a staggering 245K. 245K is an all time high for the year 2023. Below is a gallery showcasing what happened to USD when the data was announced.
US Dollar IndexAUD/USDGBP/USDUSD/JPY
EUR/USD
From the pictures above, we can see that USD has clearly weakened at the time of announcement while other currency such as GBP, EUR, AUD and JPY has a quick boost.
Japan Economic Data
Japan has released its data for Core CPI and Flash Manufacturing PMI on the April 20, 2023.
From the picture above we can see that the Core CPI was better than the forecasted and during the hour there was a positive trend as it can be seen in the green candlestick. On the other hand, the Flash Manufacturing PMI is worst than forecasted hence the red candlestick which promptly brought it back down to its original price.
News to keep an eye out for next week
The pictures below will have date and economic data to watch out for. Do keep an eye out for those data because I believe they will have a reasonable impact on each country’s currency health.
