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Thursday's Economic Calendar May 08, 2025 08:30 AM Jobless Claims New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. Claims seen back down to 232K from a high 241K in the previous week. If claims hold around the new higher level, will give pause about the resilient labor market. 08:30 AM Productivity and Costs Productivity measures the growth of labor efficiency in producing the economy's goods and services. Productivity is seen down 0.5 percent in Q1 at an annual rate versus 1.5 percent increase in Q4. Unit labor costs are seen rising 5.2 percent after 2.2 percent in Q4. 10:00 AM Wholesale Inventories Wholesale trade measures the dollar value of sales made and inventories held by merchant wholesalers. It is a component of business sales and inventories. Forecasters see no revision from up 0.5 percent in the flash. 10:30 AM EIA Natural Gas Report The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S. and five regions of the country. The level of inventories helps determine prices for natural gas products. 1:00 PM 30-Yr Bond Auction The US Treasury Department will hold an auction for $25 billion of 30-year auction. 4:30 PM Fed Balance Sheet The Fed balance sheet is a weekly report listing the assets and liabilities of the Federal Reserve System.
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$BTC #BTC In the $98.000 liquidation zone, big players are currently not allowing a short squeeze. Let’s see how long they can hold out
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$NDX #US100 Despite all this, the index remains strong. It’s back above the EMA200 and is trying to break out of the dead cat zone by pushing through the red diagonal resistance. Of course, the real dead cat resistance is still higher up.
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