US Jobless Claims stand at 377. K Early expectations stood on 381K, similar to last week’s initial read of 383K. Last week’s number was revised to the upside, to 389K. The Memorial Day holiday had an impact on the figures, but probably a minimal one. The four week moving average ticked up to 378K. EUR/USD is ticking higher, but markets await Bernanke. All in all, the numbers are not so good. Weekly claims stabilized in a lower range of between 350K to 365K before April. After leaping higher, they still haven’t fallen back to previous levels. Markets are still optimistic about some global coordination, and hints of QE3 from Bernanke later on. Worsening US conditions could push the Federal Reserve to “do something” on June 20th. However, buying more bonds wouldn’t do much for long term lending – US yields are already at rock bottom levels. The Fed would need SYRIZA to win in the Greek elections for action – the current US situation isn’t good, but doesn’t justify more action. Critical resistance appears at 1.2623 for the euro. See more in the Euro USD forecast. 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 Currency Baskets: Trading One Currency’s Fate Instead of Two Yohay Elam 9 years US Jobless Claims stand at 377. K Early expectations stood on 381K, similar to last week's initial read of 383K. Last week's number was revised to the upside, to 389K. The Memorial Day holiday had an impact on the figures, but probably a minimal one. The four week moving average ticked up to 378K. EUR/USD is ticking higher, but markets await Bernanke. All in all, the numbers are not so good. Weekly claims stabilized in a lower range of between 350K to 365K before April. After leaping higher, they still haven't fallen back to previous levels. Markets are still optimistic… Top 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.
