No big surprises in the last labor related figure before the NFP. Jobless claims stand at 270K, a bit under expectations but above last week’s number. Steady she goes. Continuing claims are at 2.255, similar to predictions as well. The four week moving average fell to 268,250.
The US dollar is marginally stronger in the immediate aftermath. Everything is set for the big event.
Jobless claims have been quite good during July, sliding lower and implying a better NFP. The lowest level since 1973 was seen two weeks ago at 255K.
Also the ISM Non-Manufacturing PMI looked good, but ADP disappointed. Expectations stand on around 225K.
The level of US jobless claims was expected to tick up to 273K this week from 267K last week (before revisions). This is the last jobs related figure before the release of tomorrow’s all important Non-Farm Payrolls.
Currencies were mixed, with GBP/USD standing out with a big fall.
Continuing claims carried expectations for 2.24 million from 2.262 million last week.
See how to trade the NFP with EUR/USD
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