387K Americans filed for jobless claims

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Source: Bloomberg
Jobless claims in the US decreased by 2K, but still were at higher level than anticipated last week. Less volatile, 4 week moving average of jobless claims, increased to 386K and reached the highest level in six months. Unemployment level in the US has been above 8% for almost 3 and a half years now. In order to facilitate economic growth Federal reserve yesterday expanded short term bond replacement with longer maturity debt.
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Fri, 22 Jun 2012 06:27:05 GMT

Sales of existing home dropped in May

Sales of existing US homes declined in May indicating fluctuating trend in property market. Purchases of previously owned properties fell 1.5% to annual 4.55 million, National Association of Realtors said on Thursday. Economists questioned by Bloomberg predicted a yearly pace to diminish slower attaining 4.57 million. 

Thu, 21 Jun 2012 18:42:07 GMT

The Euro trimmed losses versus the U.S. Dollar

On Thursday, the Euro erased losses versus the Greenback, however, market sentiment remained vulnerable on Eurozone's fiscal outlook. EUR/USD retreated from the the session's low of 1.2644 and hit 1.2692 in the European afternoon trade. The pair's support was likely to be found at 1.2556, while resistance was prone to be found at 1.2746.

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