EUR/USD: US Unemployment Claims

Source: Dukascopy Bank SA

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The Greenback fluctuated based on the releases of the controversial reports from the Federal Reserve Bank of New York and Philadelphia and the US Department of Labour on Thursday. The EUR/USD currency pair lost 10 pips, or 0.08%, reaching the 1.2337 level.

The three simultaneously released reports created small increase in volatility in the financial currency market. The US unemployment claims data came out slightly better than expected, and with a help of the positive Empire State manufacturing index data, pushed EUR/USD pair lower. However, the Philly Fed manufacturing index data came out a bit short of expectations, as the divergence did not surprise the markets enough for a correction.

Historical Data Table: US Unemployment Claims w/w Economic Calendar for 16.03.2018
           
Date 15.02.2017 22.02.2018 01.03.2018 08.03.2018 15.03.2018 10:00 AM EUR Final CPI y/y
Actual 229K 220K 210K 230K 226K 12:30 PM CAD Manufacturing Sales
Forecast 229K 230K 226K 220K 227K 12:30 PM USD Building Permits
           
Initial Reaction on Main Pairs SWFX Sentiment Indexes
           
  Open Price Close Price % Change   Longs Shorts
AUD/USD 0.78464 0.78446 -0.02% AUD/USD 55.68% 44.32%
EUR/USD 1.23485 1.23382 -0.08% EUR/USD 40.80% 59.20%
USD/JPY 106.037 106.017 -0.02% USD/JPY 61.71% 38.29%
NZD/USD 0.72954 0.7295 -0.01% NZD/USD 40.52% 59.48%

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