The number of weekly unemployment claims dropped to 382. A slide to 374K from last week’s 385K (382K initially reported) was predicted. EUR/USD was capped by the 1.290 line prior to the release. USD/JPY was around 78.15 and now continues falling. The rise in both this week’s figures and last week’s, help justify action seen from the central bank, seen in QE3 last week. Nevertheless, it is hard to make the connection between more buys of low yielding bonds and unemployment. Yesterday, relatively encouraging figures were reported from the housing sector: existing home sales reached the highest levels in almost one year, and also building permits and housing starts were OK. Later on, the forward looking Philly Fed Manufacturing Index is expected to improve, yet remain in negative ground. See how to trade this event with USD/JPY. Update: The Philly Fed Index came out better than expected, but it is still in negative ground. 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 Philly Fed Index Improves to -1.9 Points Yohay Elam 11 years The number of weekly unemployment claims dropped to 382. A slide to 374K from last week's 385K (382K initially reported) was predicted. EUR/USD was capped by the 1.290 line prior to the release. USD/JPY was around 78.15 and now continues falling. The rise in both this week's figures and last week's, help justify action seen from the central bank, seen in QE3 last week. Nevertheless, it is hard to make the connection between more buys of low yielding bonds and unemployment. Yesterday, relatively encouraging figures were reported from the housing sector: existing home sales reached the highest levels in almost… 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.
