The US weekly initial claims are due at 8:30 AM with the estimate of 300K.

Last week, the number surprised to the upside at 316K. The 4- week MA ticked up to 298K. It was as low as 290.50 in December.

Although, the release can have an impact, all eyes and trader focus will be on the Mario Draghi’s press conference.

Trends in the US Initial Claims

Trends in the US Initial Claims