fundamental alert
Article
Previous Articles
Print
- Friday, 16 October 2009 19:40:03 GMT Will Crude Salvage its Bullish Drive and Extend the Strongest Rally Since July?
- Friday, 16 October 2009 11:44:15 GMT Canada's Consumer Prices Decline for 4th Month; Leaving BOC on Hold
- Friday, 16 October 2009 07:52:07 GMT Swiss Retail Sales Indicate Slow Economic Growth
- Friday, 16 October 2009 07:10:05 GMT Oil Retains Momentum into Week-End, Metals Vulnerable to Further Downside
- Friday, 16 October 2009 04:57:15 GMT Antipodean Star Still Shines for Now (Opening Comment)
- Friday, 16 October 2009 04:15:09 GMT Overnight Interest Rate Update 10.16.09
- Thursday, 15 October 2009 18:27:04 GMT A Drop in Gas Inventories Extends Crude Oil's Rally to a Sixth Session
- Thursday, 15 October 2009 11:47:02 GMT Overnight Interest Rate Update 10.15.09
- Thursday, 15 October 2009 05:24:16 GMT Sterling Finally Plays Catch-Up (Morning Slices)
- Thursday, 15 October 2009 7:15:09 GMT Oil, Metals Diverge as US Dollar Stages Uneven Rebound - Where to From Here?
- Thursday, 15 October 2009 05:42:54 GMT ECB Monthly Report: 3Q Expected to Grow at 0.1% versus 2Q
- Thursday, 15 October 2009 08:28:00 GMT USD Graphic Rewind
- Thursday, 15 October 2009 05:24:16 GMT Euro Set to Test 1.5000 (Opening Comment)
- Wednesday, 14 October 2009 18:31:01 GMT Crude Marks New Year High, Extends Five-Day Rally as Dow Advances Fills in for Delayed Output Numbers
- Wednesday, 14 October 2009 14:24:37 GMT Business Inventories Fall for 12th Month
- Wednesday, 14 October 2009 13:08:21 GMT U.S. Retail Sales Fall Less Than Expected On Broader Demand
- Wednesday, 14 October 2009 11:24:58 GMT Overnight Interest Rate Update 10.14.09
- Wednesday, 14 October 2009 11:14:50 GMT European Industrial Production Rises, Adds Too Recovery Signs
- Wednesday, 14 October 2009 10:23:33 GMT Greenback Finds No Relief in Overnight Trade (Morning Slices)
- Wednesday, 14 October 2009 04:10:16 GMT UK Claimant Count Rate Holds Flat; Jobless Claims Falls to 20.8K
US initial jobless claims fell to 478K during the week of October 4 from an upwardly revised 498K, however, a deeper look at the data is far from optimistic. First, the 4-week moving average of initial jobless claims (which helps to smooth out the volatility associated with the week-to-week figures) jumped to 482.5K from 474.25K, marking the highest reading since at least January 2002. Furthermore, continuing claims surged to 3659K from 3603K, which is the worst reading since June 2003 when the unemployment rate was at 6.3 percent. The latest labor market reports show the unemployment rate sitting at 6.1 percent as of September, but with job losses mounting and the US economy still in the process of slowing, the readings suggest that jobless claims may climb much higher through the end of the year.
The US dollar has shown little response to these release, as risk trends remain the dominant theme in the forex markets.
US Continuing Jobless Claims (Weekly)
Source: Bloomberg
Resources
