U.S Jobless Claims at 428,000

Thursday, 30 June 2011 04:35

Initial Claims in the United States was announced at 428,000; higher than 419,000 as it was predicted by economists.  The release wasn't so bad, as the number of individuals filing for unemployment were 1,000 less than last week; which has 429,000 individuals who claimed unemployed.

Euro/Dollar is a big a big deal during these past weeks, as the Greek crisis has pushed and pulled the Euro up and down.  The pair is extremely choppy.  In yesterday's trading the pair dropped a dramatic 50 pips within minutes after the voting period was complete.  More events are scheduled for, which can move the Euro again; such as the second round of Greek voting, still due.