Home US jobless claims rise to 276K

Disappoint jobs data from the US: a rise in jobless claims to 276K. Also continuing claims are on the rise with 2.163 million. Unit labor costs rose only 1.4% against 2.3% expected. Non -farm productivity rose 1.6%.

USD is sliding very marginally.

US  jobless claims were expected to tick higher  to 264K from 260K last week (before revisions). Continuing claims  stood on 12.144 million last time. Non-Farm  Productivity was expected to rise 0.1% and unit labor costs were predicted to rise by 2.2%  in Q3 after a fall of 1.4% last time.

The US dollar was somewhat weaker during the day.

Towards the release, EUR/USD was  trying to recover towards 1.09, GBP/USD was on the ground after the Carney Carnage, USD/JPY got closer to 122, USD/CAD was around 1.3155, AUD/USD at 0.7150 and NZD/USD at 0.6615

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.