Weekly US jobless claims stand on 363K. Early expectations were for 371K, similar to 369K for last week (before revisions). The revision was to the upside: to 372K. Most revisions went in that direction.
EUR/USD and USD/JPY remain very stable around 1.2960 and 80 respectively.
Update: ISM Manufacturing PMI rose to 51.7 points, but the employment component slid.
Other US figures: Nonfarm Productivity rose by 1.9%, whereas expectations stood on 1.3%. Unit Labor Costs fell by 0.1% – a gain of 1.3% was predicted.
Just 15 minutes earlier, ADP provided excellent news – 158K jobs gained, using an improved formula. The new formula cut nearly half of last month’s rise, so the real expectations for ADP were actually lower than 138K originally forecast.
The next and last important hint is the ISM Manufacturing PMI (and its jobs component). See how to trade manufacturing PMI with USD/JPY.
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