U.S Initial Jobless Claims Falls to 276K , Sell USD on Recovery !

forex joblessFILEminimizer Copy
forex joblessFILEminimizer Copy

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 Claims fell to 276K , from 282K  last week , analysts had expected Initial Jobless Claims to fall to 279K in the previous week.

Jobless Claims 4-Week average rose to 274.75K , from 272.00K…

This development is likely to halt US dollar losses, buy recommendations remain to sell USD on recovery .