Home US jobless claims 271K, core PCE +1.2% y/y – as
Forex News Today: Daily Trading News

US jobless claims 271K, core PCE +1.2% y/y – as

Good to better than expected figures from the US: jobless claims are at 271K, core PCE at 0.1% m/m and 1.2% y/y, personal spending at +0.9% better than expected and personal income at +0.5%.

The dollar is higher on the releases, ticking some 10-20 pips across the board.

US  weekly jobless claims were expected to move up  to 271K from 267K last week (before revisions). These were joined by other figures, with the Core PCE Price Index standing out. Expectations  stood on +0.1% m/m. The previous y/y figure was 1.2%. This is watched by the Fed.

EUR/USD was all over the place following confusing Greek headlines.  GBP/USD  around 1.5730 and USD/JPY around 123.60,  USD/CAD around 1.2380, AUD/USD at 0.7735 and NZD/USD at 0.6910.

More data:

  • Personal income was  expected to rise 0.5% after 0.4% beforehand. The actual number is +0.5%, with an upwards revision to +0.5%.
  • Personal spending was expected to rise by 0.7% after remaining unchanged beforehand. The actual number is +0.9%, with an upgrade to the previous month to +0.1%.

More:  5 Most Predictable Currency Pairs – Q3 2015

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.