Yesterday, USD weakened against most major currencies except CAD and GBP.

The Unemployment Claims data (Actual: 473K, Forecast: 487K, Previous: 507K revised from 498K) released yesterday indicated continued decline in the number of people claiming for unemployment benefit in April. Unemployment claims also fell to the lowest level since 14 March 2020, the period when the pandemic started.

The Retail Sales m/m data will be released later 2030 (SGT).

  • Core Retail Sales m/m (Forecast: 0.5%, Previous: 8.4%)
  • Retail Sales m/m (Forecast: 1.0%, Previous: 9.8%)

The Preliminary UoM Consumer Sentiment data (Forecast: 90.2, Previous: 88.3 revised from 86.5) will be released later at 2200 (SGT).

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By Jin Dao Tai

JinDao Tai is an Entrepreneur, Award-Winning Forex Coach & Trainer, International Speaker and Multi-Million Dollar Trader. Starting out his career as an economic & financial consultant in Australia, one day he decided to change his life and pivoted into multiple entrepreneurship endeavours and eventually into managing a multi-million dollar portfolio.

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