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BREAKING: Jobless claims lower than expected; EURUSD continues to trade higher after ADP reportšŸ“Œ

2:32 PM 8 January 2025

01:30 PM GMT,Ā United StatesĀ -Ā Employment Data:

  • Initial Jobless Claims: actual 201K; forecast 214K; previous 211K;
  • Continuing Jobless Claims: actual 1,867K; forecast 1,870K; previous 1,834K;
  • Jobless Claims 4-Week Avg.: actual 213.00K; previous 223.25K;

The release of Initial Jobless Claims data remains largely insignificant for the markets, given the lower-than-expected ADP data published 15 minutes earlier. The dollar is giving up some of its gains from the first part of the day, and we observe a slight rebound on EURUSD.


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