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  • US Unemployment Insurance Weekly Claims Report

    From doleta.gov

    In the week ending August 18, the advance figure for seasonally adjusted initial claims was 372,000, an increase of 4,000 from the previous week's revised figure of 368,000. The 4-week moving average was 368,000, an increase of 3,750 from the previous week's revised average of 364,250. The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending August 11, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 11, was 3,317,000, an increase of 4,000 from the preceding week's revised level of ... (full story)

one step closer to QE3....counting starts !!!
no to bad if it compared with euro zone
us in trouble
>>>>>>>>BULL<<<<<<<<<
Quoting robert7
one step closer to QE3....counting starts !!!
That data not inisiate QE, and only a big cathastropic should do.
Since every week gets revised, I would bet the revisions are wrong also. This looks like a rigged game to me.
Quoting Wein_sonic
That data not inisiate QE, and only a big cathastropic should do.
what you mean by catastrophic???, every bad data, a step closer QE, got it?
Respected Traders can anyone explain in brief that what will be the effect of QE3 on Euro and specially on precious Metal like Gold..
I would be so grateful.......... Thanks
Quoting Faizan
Respected Traders can anyone explain in brief that what will be the effect of QE3 on Euro and specially on precious Metal like Gold..
I would be so grateful.......... Thanks
How grateful would you be?
Quoting robert7
what you mean by catastrophic???, every bad data, a step closer QE, got it?
means if stock in wall street is dropping like 2008, that is mean disaster, that should probably QE3, but now? what for?
Fed won't fool enough to destroy US$, especially during election! so no QE3 until next year, trust me
Quoting Faizan
Respected Traders can anyone explain in brief that what will be the effect of QE3 on Euro and specially on precious Metal like Gold..
I would be so grateful.......... Thanks
Any signs of QE will push the dollar down fast, all currency pairs should rise against the dollar and Gold should push back its previous years highs in a shorter time span...
Quoting Faizan
Respected Traders can anyone explain in brief that what will be the effect of QE3 on Euro and specially on precious Metal like Gold..
I would be so grateful.......... Thanks
Both up.
continue support for gold and silver...
Goodluck to you!
Quoting Wein_sonic
means if stock in wall street is dropping like 2008, that is mean disaster, that should probably QE3, but now? what for?
Fed won't fool enough to destroy US$, especially during election! so no QE3 until next year, trust me
hmmm okey...actually I am inferring on yesterday's FOMC statement
next new home sales will support gold to rise again... happy trading....
I feel some short sentiment coming for the rest of the day
Quoting Mr.Ha
continue support for gold and silver...
Means should I remain long for both ?
I have Gold long @ 1664
Wonder why unemployment numbers are always revised up not down?

Look for Dow to continue dropping...Bernanke REALLY wants a QE3 B4 Nov.
Quoting amitjawale
Means should I remain long for both ?
I have Gold long @ 1664
I think gold is at resistance level. I closed my longs 1665
Only a clear 1678 break will show the weekly triangle is finally broken
Either trade early in the NY morning and pick up a few pips, or wait until 10:30 AM NY, and trade what you see after the news.
" Be always employed in something useful." - Benjamin Franklin
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Triangle is broken, just like insider bars on weekly and monthly graph. Even though QE wont appear, there is enough problems for USD to get gold price rising. Staying long from 1621 and not exiting till the end of the month unless some really big reason shows up.
jobless worse then forecast only with 1.8%. Comparring with EU zone, it's heaven.
at least PMI, and new home sell is good looking.
Time to rise for a USD
Quoting Mr.Ha
continue support for gold and silver...
Did you mean the gold price will go down, mr.ha??
Can you tell me the support please?
QE 3 itself is not as important as the expectation of it - so long as it is possible but not implemented speculation about it will influence price from time to time.
Quoting robert7
what you mean by catastrophic???, every bad data, a step closer QE, got it?
No not true
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