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Markets look to ECB accounts and US jobs data this week

Forexlive expects US initial jobless claims of 217K and continuing claims of 1,814K, with a market-moving move unlikely unless results deviate sharply.

Reported · Written up by our desk · Central Banks

Forexlive said the European session has little on the calendar beyond the ECB accounts, which it noted is typically not market moving because the information can be outdated by the time it is released.

The same outlook piece said markets were extending pullbacks from the prior day’s lows after Trump moved to de-escalate the situation with Iran, but are likely to consolidate again as traders await the US CPI report on Tuesday.

In the US session, Forexlive pointed to jobless claims as the main scheduled data release, with initial claims expected at 217K versus 215K previously, and continuing claims expected at 1,814K versus 1,814K prior.

Forexlive added that the labor market has strengthened this year, citing the unemployment rate falling to 4.2% in June from a 4.5% peak in November 2025, and said the Fed has shifted focus back toward inflation.

It also said the jobless claims release should not move markets unless results differ significantly from expectations.

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