BREAKING: US Jobless Claims Slightly Above Expectations

The number of Americans filling for unemployment benefits was 0.870 million in the week ended September 19th, compared to 0.860 million in the previous week, bringing total claims above 60.0 million since March 21st when the coronavirus pandemic started in the US. Today’s reading came in above market expectations of 0.840 million. It is the fourth consecutive week with claims below 1 million, however still remains far above 665,000 filed at the peak of the Great Recession in March 2009.

Continuing claims, which lags initial jobless claims data by one week, reach 12.628 million, while analysts expected a drop to 12.30 million.

US continuing jobless claims are at the lowest level since the beginning of April when the effects of the coronavirus pandemic started to being felt.. Source: Macrobond, XTB

EURUSD broke below the 1.1673 support after today's data releases and is heading towards next support at 1.1578. Source:xStation5

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Large decline in crude inventories 🛢️📉

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