Weekly report on US jobless claims was released today at 1:30 pm BST. Expectations pointed to a small pick-up in initial jobless claims and continuing claims compared to a previous report. However, actual data came in mixed with initial jobless claims dropping below 200k and continuing claims increasing to above 1730k. Simultaneously, the Philadelphia Fed index for October was released. While the index improved compared to September, it has improved less than expected.
US, jobless claims data
- Initial jobless claims: 198k vs 212k expected (209k previously)
- Continuing claims: 1734k vs 1710k expected (1702k previously)
US, Philadelphia Fed index (October): -9.0 vs -7.0 expected (-13.5 previously)
USD gained in a knee-jerk move with EURUSD moving lower. However, those gains were short-lived with the pair quickly recovering and moving higher. Nevertheless, scale of moves was minimal.
Source: xStation5
Will the U.S. Supreme Court decision shake Wall Street? 🗽 These stocks could benefit
BREAKING: EURUSD spikes on lower-than-expected Core CPI in the US❗️
US CPI preview: will the disinflation trend be maintained in December? 🔎
USDJPY: speculation over dissolution of the lower house drives sharp JPY weakness ✂️
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
