Jennifer Lee, a Senior Economist at the Bank of Montreal, recaps the Initial Jobless Claims released by the US. Key quotes “The number of Americans filing for UI for the first time slipped for the first time in about a month but considering that total initial filings were still a towering 6.606 mln in the week of April 4, the 261,000 decline was barely noticeable in the grand scheme of things.” “Those who remain on UI (continuing claims) surged 4.396 mln to 7.455 mln in the last week of March, clearly a record. And this stretch of UI claims measured in the millions isn’t going to end in the next few weeks. “Interesting timing that the Federal Reserve unexpectedly announced a huge $2.3 trln of support to backstop Main Street this morning.” “Look for that double-digit jobless rate in the April payroll report next month.” 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 US: Overall CPI to be down sharply – TDS FX Street 2 years Jennifer Lee, a Senior Economist at the Bank of Montreal, recaps the Initial Jobless Claims released by the US. Key quotes “The number of Americans filing for UI for the first time slipped for the first time in about a month but considering that total initial filings were still a towering 6.606 mln in the week of April 4, the 261,000 decline was barely noticeable in the grand scheme of things.” “Those who remain on UI (continuing claims) surged 4.396 mln to 7.455 mln in the last week of March, clearly a record. And this stretch of UI claims measured… 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.
