Weekly US unemployment claims rose to 418K, worse than a small rise to 409K that was expected. USD/JPY which dropped prior to the release, extends its falls. Other currencies also gain against the dollar. Last week, the unemployment claims surprised with a nice drop to 405K, the lowest level seen for quite some time, but still above the round number of 400K, unable to return to the previous lower range beneath. This was now revised to 408K. This doesn’t help either. All in all, the US job market isn’t moving too much. The US economy is still stuck, and it cannot only be blamed on higher oil prices and distorted supply chains caused by the Japanese earthquake. Regarding EUR/USD, this publication is quite irrelevant. The focus is on the EU summit taking place in Brussels. A solution for the Greek crisis is necessary to stop the contagion. The crisis has reached a critical moment. Reports about an agreement for a selective default in Greece have sent the euro lower. Hopes that such a selective default will be avoided later sent the pair higher. Later in the US, Ben Bernanke will testify, and the highly regarded Philly Fed Manufacturing Index will be released. See how to trade this event with USD/JPY. 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 EU Leaders Finally Address Growth – More Steps Needed Yohay Elam 12 years Weekly US unemployment claims rose to 418K, worse than a small rise to 409K that was expected. USD/JPY which dropped prior to the release, extends its falls. Other currencies also gain against the dollar. Last week, the unemployment claims surprised with a nice drop to 405K, the lowest level seen for quite some time, but still above the round number of 400K, unable to return to the previous lower range beneath. This was now revised to 408K. This doesn't help either. All in all, the US job market isn't moving too much. The US economy is still stuck, and it… 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.
