Initial Jobless Claims drop last week but less than expectations to 1.48 million. Analysts at Wells Fargo point out weekly first-time unemployment claims fell by 60,000, but they warn the prior week’s data were revised higher. They see continued improvement from Continuing Claims. Key Quotes: “Not only was the latest drop in weekly first-time unemployment claims smaller than expected, but the prior week’s total was also revised higher by 32,000 claims.” “Continuing unemployment claims also fell less than expected but still declined by 767,000 from a slightly lower revised prior level. The sustained decline in continuing claims suggest that hiring is continuing to ramp up as businesses re-open.” “Re-opening efforts will likely be hampered by the resurgence in cases, particularly in the South. COVID-19 concerns may keep customers away, making it difficult for firms to remain open.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/MXN: Volatility in the Mexican peso to reignite in the coming months – CIBC FX Street 2 years Initial Jobless Claims drop last week but less than expectations to 1.48 million. Analysts at Wells Fargo point out weekly first-time unemployment claims fell by 60,000, but they warn the prior week’s data were revised higher. They see continued improvement from Continuing Claims. Key Quotes: “Not only was the latest drop in weekly first-time unemployment claims smaller than expected, but the prior week’s total was also revised higher by 32,000 claims.” “Continuing unemployment claims also fell less than expected but still declined by 767,000 from a slightly lower revised prior level. The sustained decline in continuing claims suggest that hiring is… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
