The pair is practically flat in the daily chart, despite bright Eurozone sentiment figures, with downside attempts limited, awaiting the release of US Initial Jobless Claims, Factory Orders, and international trade numbers. In the US, Initial Jobless Claims are expected to have increased to 205K last week, from the 200K reading in the previous week. Economic Indicator Initial Jobless Claims The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance. A larger-than-expected number indicates weakness in the US labor market, reflects negatively on the US economy, and is negative for the US Dollar (USD). Every Thursday, the US Department of Labor publishes the number of previous week’s initial claims for unemployment benefits in the US.