Initial Jobless Claims Up 267K, GDP(Q2) Up 2.3%, USD Rises !

forex jobless min
forex jobless min

Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.

The U.S Initial Jobless rose  267K, from 255K in the previous week missing forecast 270K.

Jobless Claims 4-Week Avg. fell 274.75K , from 278.50K in the previous week.

US GDP for second quarter rose 2.3% , from 0.6% missing forecast 2.6%

Market Impact : This development should advanced US dollar , At the moment EURUSD around the key support 1.0920 , further down , support comes at the 1.0865 levels ahead of the 1.0800 levels. Immediate resistance comes at the 1.0965/1.0985 levels.

Strategy in short term view remains buying USD on dips !!

Initial Jobless Claims Up 267K