-
EUR/USD Continues Lower on Weak US Jobless Claims
US jobless claims disappointed and rose to 429K, higher than around 415K that was expected. This just extends the losses of EUR/USD, that is quickly approaching a lower support line. After a few good months when the number of unemployment claims was under 400K, they rose back and stabilized in a range between 410K to 430K. This rise towards the upper end of the range is very disappointing, and shows that the slowdown is here to stay. This goes hand in hand with the rise in the unemployment rate and the very disappointing Non-Farm Payrolls seen in May. EUR/USD is now trading at around 1.4170, just above the support ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jun 23, 2011 10:59am Jun 23, 2011 10:59am
- IAEBusiness
- | Joined Dec 2010 | Status: Member | 15 Comments
- Comment #2
- Quote
- Jun 23, 2011 11:07am Jun 23, 2011 11:07am
- kjang
- | Joined Jan 2010 | Status: Member | 33 Comments
- Comment #3
- Quote
- Jun 23, 2011 11:35am Jun 23, 2011 11:35am
- Guest
- | IP XX.XXX.180.253