US initial jobless claims expected at 205K
The US job market is in focus with the release of initial jobless claims data. The numbers are expected to come in at 205K, up from 189K prior.
The US jobs data has been strong, with signs of reacceleration. Initial claims last week fell to a 57-year low, while continuing claims fell to the lowest level since April 2024.
The data may influence the Fed’s stance, potentially moving away from rate cuts. US-Iran headlines will also continue to impact price action.
Central bank speakers are also on the agenda, including ECB’s Villeroy and Fed’s Kashkari.