US Unemployment Claims are projected to decline from the highs of 853,000 recorded last week, a significant setback. The dollar has been battered by the economic slowdown in the United States and is set to remain depressed until the outlook changes, Joseph Trevisani, an Analyst at FXStreet, reports. Key quotes “Filing for Initial Jobless Benefits are forecast to fall to 800,000 in the December 11 week. The previous week’s 853,000, a jump of 137,000, was the highest since September 18. Continuing Claims are expected to decrease to 5.598 million in the week of December 4 from 5.757 million in the prior.” “The return of labor problems and increases in unemployment claims, in addition to reporting the changes in the labor market, brings back the unpleasant shocks of March and April. The greenback cannot recover until the facts change.” 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 BoE Preview: Bailey to convey a pound-positive message, assuming no negative rates talk FX Street 2 years US Unemployment Claims are projected to decline from the highs of 853,000 recorded last week, a significant setback. The dollar has been battered by the economic slowdown in the United States and is set to remain depressed until the outlook changes, Joseph Trevisani, an Analyst at FXStreet, reports. Key quotes “Filing for Initial Jobless Benefits are forecast to fall to 800,000 in the December 11 week. The previous week's 853,000, a jump of 137,000, was the highest since September 18. Continuing Claims are expected to decrease to 5.598 million in the week of December 4 from 5.757 million in the… 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.
