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EUROPEAN SESSIONIn the European session, we don't have much on the agenda other than a few low tier releases that won't change anything for the ECB or the market.
Policymakers are now focused on the euro strength and how that is going to impact inflation going forward.
Initial Claims are expected at 205K vs 200K prior, while Continuing Claims are seen at 1850K vs 1849K prior.
We’ve been seeing notable improvements in the US Jobless Claims data that seem to suggest a pickup in labour market activity.
US Continuing ClaimsAnother strong report might trigger a bit of a hawkish repricing as we head into the US NFP report next week.