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  • Unemployment Insurance Weekly Claims

    From dol.gov Story is in PDF Format

    In the week ending January 14, the advance figure for seasonally adjusted initial claims was 190,000, a decrease of 15,000 from the previous week's unrevised level of 205,000. The 4-week moving average was 206,000, a decrease of 6,500 from the previous week's unrevised average of 212,500. The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending January 7, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending January 7 was 1,647,000, an increase of 17,000 from the previous week's revised level. The ... (full story)

Added at 8:39am

  • US: Weekly Initial Jobless Claims decline to 190K vs. 214K expected and 205K previous

    From fxstreet.com

    There were 190,000 initial jobless claims in the week ending January 13, data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 205,000 and came in better than the market expectation of 214,000. Further details of the publication revealed that the 4-week moving average was 206K, a decrease of 6,500 from the previous week's average of 212.5K Market reaction The US Dollar Index continues with its struggle to gain any meaningful traction and remains on the defensive around the 102.00 mark amid rising bets for smaller Fed rate hikes.

Any ideals on the impact this will have in the EU pairs -! ?
4teeeej
4teeeej Return Today: na
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50pbs should come!
No One/Banks/Institutional Can Against Buyers in Eurusd Unless Fed comes to help sellers ...
All my analysis is based on Wyckoff Methods
This proves that the FED's rising interest rates are NOT having enough of an effect on WAGES/JOBS.

Here's the problem:

1. Covid Pandemic hit USA and many people ready to retire do so - EARLY
2. Not enough people want to return to work - causes increases in wages due to businesses competing for workers
3. Businesses begin to slow but there is NO WAY they let workers go because it is too hard to find people so business margins decrease but life goes on and inflation won't go away...
...because you never know - until you do!
Good News for USD...
Quoting fxsport
This proves that the FED's rising interest rates are NOT having enough of an effect on WAGES/JOBS.
Which is precisely why the FED is going hard on inflation by hiking when we don't want it to.
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    Monthly new residential construction, December 2022

    From census.gov|Jan 19, 2023

    The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for December 2022: tables ...

    SNB's Schlegel: Higher costs can be passed on to customers by businesses

    From @financialjuice|Jan 19, 2023

    tweet at 8:18am: SNB'S SCHLEGEL: HIGHER COSTS CAN BE PASSED ON TO CUSTOMERS BY BUSINESSES. tweet at 8:20am: *SNB'S SCHLEGEL: EXPECTS INFLATION UPTICK OF 0.5% IN JANUARY tweet at 8:22am: SNB'S SCHLEGEL: IF REQUIRED, THE SNB WILL RAISE RATES. tweet at 8:25am: SNB'S SCHLEGEL: THE SNB DOES NOT ANTICIPATE A RECESSION. tweet at 8:26am: *SCHLEGEL: SWISS ECONOMY WILL COOL IN 2023 BUT NO RECESSION SEEN

    SNB’s Jordan: Some tightening is probably on the cards

    From @financialjuice|Jan 19, 2023|1 comment

    tweet at 8:17am: SNB’S JORDAN: SOME TIGHTENING IS PROBABLY ON THE CARDS. tweet at 8:17am: Snb's jordan: if the franc is too strong, we won’t hesitate to act. tweet at 8:17am: SNB’S JORDAN: THERE IS NOT THE TIME TO DISCUSS LOOSENING MONETARY POLICY. tweet at 8:19am: <CHF=>:?*SNB’S JORDAN SAYS SOME TIGHTENING IS `PROBABLY IN THE CARDS' *SNB’S JORDAN: CHF NOT REALLY A PROBLEM GIVEN CURRENT INFLATION *SNB’S JORDAN: SWISS INFLATION IS NOW MUCH BROADER

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