The U.S. Unemployment Claims is the primary publication today that is set to determine the level of the USD when it is released at 13:30 GMT. The other main releases that are set to dominate forex trading, especially for currencies such as the Dollar and EUR is the publication of the Industrial Production from the Euro-Zone at 10:00 GMT and Crude Oil Inventories at 16:00 GMT. Traders may find good opportunities to enter the market following these vital announcements.
The Dollar hit a 15-month low against major currencies on Wednesday on... ( read more )
Posts Tagged with ‘Unemployment Claims’
August 27, 2009 - Traders Will Focus on the US Unemployment Claims Today
The U.S dollar gained ground Wednesday against the EUR and the British pound, after strong data on orders for new U.S.-made durable goods and new home sales comforted expectations of an improvement in the economy. The greenback traded higher after the durable-goods orders report said orders for July rose by 4.9%, the largest increase in 2 years. Investors will be watching for the new U.S. jobs report today before making significant moves. [caption id="attachment_1804" align="alignright" width="293" caption="Today Traders Focus on the U.S Unempl... ( read more )
US Events to focus on Towards the End of the Trading Wee...
Here are some important events to focus on towards the end of this trading week:
U.S Unemployment Claims (April 23, 12:30 GMT) – Although this is a weekly indicator, it tends to have a great impact on the market as it concerns with the U.S most delicate issue at the moment – unemployment. Recent reports have shown that the unemployment rate in the U.S has reached rather disturbing figures, which were not seen in 30 years. And now, analysts forecast that 635K individuals have filed for unemployment insurance for the first time during the ... ( read more )
November 21, 2008 - The USD Rallies Despite Positive US Unemployment Claims
Yesterday, the Dollar gained as investors withdrew from emerging-market assets to the safety of U.S. government debt, in what is set to be the worst financial crisis since the Great Depression. However, while the greenback has appreciated against high-yield currencies, it fell against the Yen. Yesterday's U.S. jobless data intensified concerns and signaled more trouble for the labor market, which has shed more than 1 million jobs so far in 2008. The report showed that the number of Americans filing for first time jobless benefits spiked to 542,... ( read more )