The number of weekly unemployment claims in the US stands at 374K. A figure of 370K was expected. Continuing jobless claims now stand on 3.316 million, higher than 3.307 million that was expected but lower than the updated figure of 3.321 million last week. EUR/USD was trading steadily around 1.2550 and USD/JPY was around 78.60 before the publication. The initial reaction is a slightly weaker dollar against both these currencies. Update: EUR/USD now turning around and falling. According to the initial report last week, claims stood on 372K. This was now revised to the upside: 374K. The level of 400K claims is considered to be the limit between a rising unemployment rate to a dropping one. Levels were lower during the first quarter before rising in Q2 and falling to current levels around July. Personal spending rose by 0.4% as expected and personal income rose by 0.3%, below the expected rise of 0.4%. The Core PCE Price Index was predicted to see a rise of 0.1% but remained unchanged. US figures released in August have been good enough to prevent another immediate dose of quantitative easing. The meeting minutes implied that the Fed was ready to ease, in order to counter the slowing recovery and the dire employment Since then (August 1st), jobless claims, Non-Farm Payrolls and housing have all shown positive signs. At the annual Jackson Hole Symposium, Bernanke will a chance to provide hints about future policy. He hinted about QE2 in this same place in 2010, but refrained from saying anything of importance in 2011. See more: QE3 in September? – Certainly NOT a Done Deal 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 5 Reasons to Use VPS in Forex Trading Guest 10 years The number of weekly unemployment claims in the US stands at 374K. A figure of 370K was expected. Continuing jobless claims now stand on 3.316 million, higher than 3.307 million that was expected but lower than the updated figure of 3.321 million last week. EUR/USD was trading steadily around 1.2550 and USD/JPY was around 78.60 before the publication. The initial reaction is a slightly weaker dollar against both these currencies. Update: EUR/USD now turning around and falling. According to the initial report last week, claims stood on 372K. This was now revised to the upside: 374K. The level of 400K… 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.