US Macroeconomic Data — Strong Signals



Initial Jobless Claims
➤ 208K ( better than expectations of 213K )
➤ Previous: 199K
Signal: the labor market remains resilient
Continuing Jobless Claims
➤ 1.914M ( worse than expectations of 1.9M )
➤ Previous: 1.866M
Signal: rising repeat claims — possible issues with re-employment

Trade Balance (October)
➤ -$29.4 billion ( much better than forecast of -$58.1 billion )
➤ Previous value: -$52.8 billion ( revised to -$48.1 billion )
Signal: exports surged / imports declined — dollar strengthening or domestic demand weakening

Conclusion:
— Resilient labor market
— Sharp improvement in external trade position
— In the short term, this could strengthen the dollar and put pressure on risk assets (including crypto), especially with expectations of the Fed tightening policy.
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