U.S Jobless Claims down

Thursday, 21 July 2011 04:02

United States Unemployment Claims were released minutes ago with worse results than economists expected.  The U.S Dollar is weakening by the minute against the Euro.

The number of individuals who filed for unemloyment for the first time during the past week summed up to 418,000, instead of 409,000 initially expected.  10,000 individuals more filed for unemployment this week compared to last week where 408,000 inidivuals claimed unemployment. 

All the focus is on the EU summit, whereas making U.S Jobless Claims irrelevant to the EUR/USD trade.  Nevertheless, the Dollar is falling against the Euro as the pair shot up drastically from 1.4180 to 1.4290 and up to 1.4313.

Currently EUR/USD is trading at 1.4303.

Tags: , ,

This entry was posted on Thursday, July 21st, 2011 at 16:02 and is filed under Forex News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

DISCLAIMER: This material (written and attachments) is considered a non-binding marketing communication and does not contain investment advice, investment recommendations or any offer or solicitation for any transactions in financial instruments in any jurisdictions. Mega Trader FX does not take into account your personal investment objectives or financial situation and makes no representation and assumes no liability as to the accuracy or completeness of the information provided. Any expressions of opinion are subject to change without notice and opinions made may be personal to the author and may not reflect the opinions of Mega Trader FX. This content must not be reproduced or further distributed without the prior permission of Mega Trader FX