US Unemployment claims stagnate

Note: This section contains information in English only.
Source: Dukascopy Bank
"What we're seeing in foreign-exchange markets is strong demand for the U.S. dollar"
- Steven Saywell, head of foreign-exchange strategy for Europe at BNP Paribas SA

Latest US initial unemployment claim data was released yesterday – 370 000 Americans demanded their jobless benefits last week versus a 368 000 consensus forecast. The Labor Department revised the previous reading up to 370 000 from 368 000. EUR/USD gained 30 pips after the news release, but the increase was soon erased by a bearish correction.

The labour market stagnation slightly impacted the major stock indexes with DJIA, S&P 500 and Nasdaq 100 futures declining by 9, 2 and 5 points, respectively. "This is just a steady moving along; claims are not getting worse at least," Yelena Shulyatyeva, a U.S. economist at BNP Paribas in New York.

Yelena Shulyatyeva, who had precisely forecast the number of unemployment claims, announced that higher hiring numbers are essential for job market rebound.

© Dukascopy Bank

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.