BREAKING: US retail sales well above forecasts. Jobless Claims fall more than expectations

The number of Americans filling for unemployment benefits was 0.576 million in the week ended April 10th, compared to 0.744 million rise reported in the previous week. Today’s reading came in below market expectations of 0.700 million. Continuing claims reading, which lags initial jobless claims data by one week, dropped to 3.731 million, while analysts expected decrease to 3.70 million.

US retail sales data for March was also released at 1:30 pm BST. Report turned out to be better than expected. Highlights of the report:

• Headline: 9.8% MoM vs 4.7% MoM expected (-3.0% MoM previous)

• Ex-autos: 8.4% MoM vs 3.0% MoM expected (-2.7% MoM previous)

EURUSD rose after today's data releases and is heading towards the resistance at 1.1995. Source:xStation5

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Economic reports

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