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  • Unemployment insurance weekly claims

    From dol.gov Story is in PDF Format

    In the week ending October 17, the advance figure for seasonally adjusted initial claims was 787,000, a decrease of 55,000 from the previous week's revised level. The previous week's level was revised down by 56,000 from 898,000 to 842,000. The 4-week moving average was 811,250, a decrease of 21,500 from the previous week's revised average. The previous week's average was revised down by 33,500 from 866,250 to 832,750. The advance seasonally adjusted insured unemployment rate was 5.7 percent for the week ending October 10, a decrease of 0.7 percentage point from the previous week's revised rate. The previous week's ... (full story)

Added at 8:35am

  • Weekly jobless claims total 787,000, the lowest level since March

    From cnbc.com

    New filings for jobless claims in the U.S. totaled 787,000 last week, the lowest total since the early days of the coronavirus pandemic. Economists surveyed by Dow Jones had been expecting 875,000 for the week ended Oct. 17. The total reflected a decline of 55,000 from the downwardly revised 842,000 from the previous week. The last time the weekly claims total was lower was the 282,000 on March 14, just before an avalanche of layoffs that occurred in conjunction with efforts to combat the virus. One reason for the decline in jobless claims has been the migration of workers who have exhausted their regular benefits ... (full story)

good for usd ?
Quoting BaliBoyz80
good for usd ?
yup
Does not matter right now. Stimilus negotiations only
Well part of Forex just a pull back
Quoting BaliBoyz80
good for usd ?
This unfortunately is meaningless - because all traders are waiting for is the supplemental spending bill from Congress. IMHO that will NOT happen today because Pelosi doesn't want to give Trump ammo for the debate tonight.
Quoting fxsport
{quote} This unfortunately is meaningless - because all traders are waiting for is the supplemental spending bill from Congress. IMHO that will NOT happen today because Pelosi doesn't want to give Trump ammo for the debate tonight.
debate tonight ? where i can see it ? or read the news
  •  Guest
  • | IP XXX.XXX.137.200
Quoting BaliBoyz80
{quote} debate tonight ? where i can see it ? or read the news
write what you just asked into google lol
  •  Guest
  • | IP XX.XXX.14.144
Quoting fxsport
{quote} This unfortunately is meaningless - because all traders are waiting for is the supplemental spending bill from Congress. IMHO that will NOT happen today because Pelosi doesn't want to give Trump ammo for the debate tonight.
May be so for Forex pairs but for Gold could signal further downside or more correctly persistence to say 1874 or lower. The scale before now appeared tipped North but depending on depth of immediate run one fears that regardless of what happens with the politics Gold might press further south - was always on a pin head the setup prior.

The Crow (-_-)

C.O.D
This news bad for USD?
Quoting BaliBoyz80
{quote} debate tonight ? where i can see it ? or read the news
Just google presidential debate, it will be online and on all kinds of TV stations
Bill on hahahaha investors only focus bill nd debate
Quoting Guest
{quote} write what you just asked into google lol
https://www.wsj.com/articles/final-p...es-11603281600
market sleeping
  •  Guest
  • | IP XXX.X.206.106
Make no mistake of trying to gamble gold on fundamental news.. USD is influenced by a lots of things as such refrain from trying to sell gold coz of the news u heard that could possible lift the USD
  •  Guest
  • | IP XX.XXX.14.144
Quoting Fanaxamiir14
This news bad for USD?
Maybe its good and may be not - who really knows? Gold for instance dipped on the news but markets if at all tend to dwell on news for variable lengths of time (range). Gold dynamics for instance appear to be setting up to retrace the move in the period ahead. So better to focus on some defined setup. See it (news or no news) trade it and if you don't see it (regardless of "good" or "bad" news) stay out. That way you are not chasing the market blind. Just a thought.

The Crow (_-_)

C.O.G
  •  Guest
  • | IP XX.XXX.186.139
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