US jobless claims return to the the better levels

9

After a worrying week when jobless claims jumped to 388K (revised up from 385K), they fell back down all the way to 346K, also exceeding expectations for a drop to 360K.

These levels are still not as good as the 330s seen beforehand, but the number indicates that the leap was a one off event and not a depressing turn of events – a continued slow recovery rather than signs of recession if you wish.

EUR/USD is now trading at 1.31, off the previous highs of around 1.3140. Also GBP/USD is trading lower.




USD/JPY, which would rally on such news, is still retreating from the 100 level it failed to conquer.

US import prices dropped by 0.5%, within expectations for a drop of 0.4%. Tomorrow, the University of Michigan will release its consumer sentiment figure. See how to trade the consumer sentiment number with USD/JPY.

Get the 5 most predictable currency pairs

About Author

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.

9 Comments

  1. Pingback: US jobless claims return to the the better levels | Beginning Forex

  2. Pingback: EUR/USD April 12 – Lower as US Employment Numbers Shine | Forex Crunch

  3. Pingback: Forex Weekly Outlook April 15-19 | Forex Crunch

  4. Pingback: Forex Weekly Outlook April 15-19 | Beginning Forex

  5. Pingback: Forex Weekly Outlook April 15-19 | Forex Crunch | Forex

  6. Pingback: USD/CAD Outlook April 15-19 | Forex Crunch

  7. Pingback: USD/JPY Outlook April 15-19 | Forex Crunch

  8. Pingback: USD/JPY Outlook April 15-19 | Forex Crunch | Forex

  9. Pingback: USD/CAD Outlook April 15-19 | Forex Crunch | Forex