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US jobless claims jump to 298K does not stop the dollar

Yohay Elam
Updated:

A disappointment from the US jobs market: 298K jobless claims in the week ending on December 27th, worse than expected. Liquidity is extremely thin.

This does not seem to stop the dollar: EUR/USD is trading at 1.2134, USD/JPY at 119.56 and GBP/USD is still under 1.56. USD/CAD is around 1.16 and AUD/USD around 0.82.

The last jobless claims release for 2014 was expected to show a rise to 287K from last week’s 280K.

The four week moving average stands at 290.75K. Continuing claims are at 2.353 million. Later we have the Chicago PMI but most traders are already at parties or preparing for them.

The dollar saw another wave of strengthening in the last hours of the year.

More:  2014 dollar domination in numbers

Happy new year everybody!

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.

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