US unemployment claims now stand at 361K. Early predictions stood on 371K. Also the trade balance exceeded expectations: a deficit of only $42.9 billion. Both results are positive for the US economy: a lower deficit means a larger GDP. USD/JPY was trading under 78.50 and EUR/USD drifted lower to around 1.23 prior to the release. The dollar is now making small gains against both currencies. According to the initial report for last week, claims stood on 365K. This was now revised to 367K. US trade balance was expected to show a deficit of $47.4 billion in June, better than the deficit of $48.7 billion in May. The improvement seen throughout July was partially attributed to changes in automobile plants: they usually take vacations during these weeks, and this summer was slightly better. While this unlikely points to a fundamental improvement in the economy, the improvement in jobless claims was also reflected in a positive Non-Farm Paryolls report. You are welcome to download the comprehensive monthly outlook for August by joining the newsletter below. 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 Forex Daily Outlook August 10 2012 Anat Dror 11 years US unemployment claims now stand at 361K. Early predictions stood on 371K. Also the trade balance exceeded expectations: a deficit of only $42.9 billion. Both results are positive for the US economy: a lower deficit means a larger GDP. USD/JPY was trading under 78.50 and EUR/USD drifted lower to around 1.23 prior to the release. The dollar is now making small gains against both currencies. According to the initial report for last week, claims stood on 365K. This was now revised to 367K. US trade balance was expected to show a deficit of $47.4 billion in June, better than the… 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.
