US initial jobless claims data released at 1:30 pm BST showed 1186k million people filing for unemployment insurance for the first time. The reading came below market expectations of 1400k million and below last week's reading of 1435k (revised higher from 1434k). Continuing claims came in at 16107k. While the reading was better than expected, claims remain at a very high level relative to historical data.In spite of a beat, FX markets barely saw any reaction to the release. Stocks caught a bid.
Continuing jobless claims continued to drop while initial claims declined after last week's increase. Source: Macrobond, XTB
BREAKING: Eurozone Inflation Comes In Below Forecasts, Unemployment Rises. EURUSD reacts
Morning Wrap: Oil Fuels Market Uncertainty 🚩 Wall Street and Gold Under Pressure (01.09.2026)
Economic Calendar - Hawkish Fed, Middle East tensions set the pace for markets (31.08.2026)
Daily summary: Gold retreats 3% as US dollar rebounds after hawkish Warsh speech in Jackson Hole