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09.04.2020

Initial Jobless Claims. United States, 14:30 (GMT+2)

At 14:30 (GMT+2), weekly data on the number of initial unemployment claims in the United States will be released. The indicator reflects the number of people who applied for unemployment benefits for the first time in the past week. These data are collected by the Ministry of Labor and published in a weekly report. The number of applications for benefits is used to measure the state of the labor market since an increase means fewer people are hiring. The indicator is expected to decline from 6.648 million to 5.250 million.

WTI Crude Oil: general analysis

Today, the movement of oil prices is insignificant. Market participants expect the results of the meeting of the largest exporters of "black gold". In April, the instrument rebounded from the multi-year lows, as Russia, Saudi Arabia, and the United States agreed to hold another round of negotiations in the OPEC+ format.

XAG/USD: silver continues to go up

The price of silver futures continues to rise, reaching USD 15 per ounce, along with the USD Index, which is also strengthening, but this time the metal quotes look stronger and are in no hurry to decline. The number of speculative positions in silver continues to decline, but the pace of the fall slowed down and, according to the CFTC, the number of positions is 30.9K after 42.0K a week earlier.