2:31 PM · 5 December 2024

BREAKING: US jobless claims higher than expected 🗽EURUSD gains

US Initial Jobless Claims: 224k (Forecast 215k, Previous 213k)

US Continued Jobless Claims: 1.871M (Forecast 1.904M, Previous 1.907M)

US Trade Balance: -73.8B (Forecast -75B, Previous -84.4B)

US-China October trade deficit: $27.96 bln vs September deficit $31.81 bln

EURUSD and US500 gain after the higher than expected US jobless claims report. However, continued claims unexpectedly dropped by 36k to 1.871M; below 1.904M expected on Wall Street.

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Large decline in crude inventories 🛢️📉

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