A slightly better than expected print in the weekly jobless claims: 276K. The four week moving average is at 275.75K, very close to the current read. Also continued claims beat with 2.196 million. Non-farm productivity has been revised to a drop of 3.1% and unit labor costs to 6.7%. The US dollar is marginally stronger: EUR/USD is at 1.1312, GBP/USD under 1.5390 and USD/JPY at 124.20. US weekly jobless claims were expected to stand at 280 this time after 282K last week (before revisions). In addition, revised productivity carried predictions for a drop of 2.8% instead of -19.% originally reported, and unit labor costs at 5.8% after 5% was initially printed for the first quarter. The US dollar has been on the back foot, especially against the euro and the pound, with 1.1320 and 1.54 respectively. The euro continues enjoying the jump in German bunds that followed Draghi’s relaxed press conference. The dollar suffered the mediocre ISM Non-Manufacturing PMI. Tomorrow we have the all-important Non-Farm Payrolls. See how to trade the NFP with EUR/USD. In our latest podcast, we explain the recent USD rally, what’s ahead and lots more Subscribe to Market Movers on iTunes 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. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Pick Your Poison Guest 7 years A slightly better than expected print in the weekly jobless claims: 276K. The four week moving average is at 275.75K, very close to the current read. Also continued claims beat with 2.196 million. Non-farm productivity has been revised to a drop of 3.1% and unit labor costs to 6.7%. The US dollar is marginally stronger: EUR/USD is at 1.1312, GBP/USD under 1.5390 and USD/JPY at 124.20. US weekly jobless claims were expected to stand at 280 this time after 282K last week (before revisions). In addition, revised productivity carried predictions for a drop of 2.8% instead of -19.% originally reported,… 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.
