US Initial Jobless Claims: 238k (Forecast 235k, Previous 233k)
- US Continued Jobless Claims: 1.858M (Forecast 1.84M, Previous 1.839M)
As we can see below, US500 drops after today ADP and jobless claims report. Jobless claims came in only slightly higher, than expected, but we can see higher number of continued claims. Generally, data point to a cooling US labour market, but there are not any signs of significant weakness.
Source: xStation5
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall
Pick of the week: Can Brent crude stay below $100 per barrel?
BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge
EURUSD loses ground ahead of NFP
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