Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Due to the Thanksgiving holiday, the data on initial jobless claims in the United States will be released tonight.



Latest news, affected by the Thanksgiving holiday in the United States, the data on initial jobless claims in the US, originally scheduled to be released on Thursday (November 27) Beijing time, has been moved up to tonight (November 26) at 21:30.

Analysis suggests that the initial jobless claims data from the United States may affect the expectations for Federal Reserve policy. If the data is higher than expected, it indicates economic weakness, which will strengthen the expectations for interest rate cuts by the Federal Reserve, driving up U.S. stocks, gold, and cryptocurrencies, while putting downward pressure on the dollar.

If the data is below expectations and shows a strong economy, it will weaken interest rate cut expectations, leading to a pullback in risk assets and a resurgence in the dollar. Therefore, this data may influence the direction of global asset prices in the short term.

In addition to the initial claims for unemployment benefits data, there are several economic data points originally scheduled for release tomorrow that have also been rescheduled due to the Thanksgiving holiday. ( See the chart below for details )

At the same time, due to holiday arrangements, the US stock and bond markets will be closed for one day tomorrow, and trading in gold, silver, and crude oil futures contracts will also close early.

In addition, given the adjustments to market trading arrangements during the holiday period, the cryptocurrency market may also be affected, and investors need to closely monitor the market data released and take corresponding risk management measures in a timely manner.

In summary, the adjustment of the data release schedule this time is mainly to avoid tomorrow's Thanksgiving holiday. However, for traders, this means that special attention should be paid tonight to the release of several important data points, which may lead to reduced market liquidity tomorrow due to the holiday factors.

#感恩节 # US economic data
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)