We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Wall Street
Bullish
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • $EURUSD Daily Pivot Points: S3: 1.1078 S2: 1.1152 S1: 1.1193 R1: 1.1267 R2: 1.13 R3: 1.1374 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Has the #Euro been saved? Find out from @CVecchioFX here: https://t.co/eiXfOTyGa6 https://t.co/MCdNLAjJpu
  • Has the ECB been saved? Find out from @CVecchioFX here: https://t.co/eiXfOTyGa6 https://t.co/Znozwxgcak
  • Texas COVID-19 cases increase at 2.4%, same as prior 7-day average - BBG
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.91% 🇳🇿NZD: 0.64% 🇨🇭CHF: 0.59% 🇬🇧GBP: 0.17% 🇨🇦CAD: -0.02% 🇯🇵JPY: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/j3MpbrNtG4
  • RT @SecPompeo: I applaud @Nasdaq’s actions to require all listed firms comply with the same auditing and inspection rules, especially as re…
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Gold: 0.88% Silver: 0.43% Oil - US Crude: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/s7unTde0G5
  • The #FTSE 100 surged to its highest level since early June on Wednesday after the equity index pierced a longstanding technical barrier around 6,200. Get your #FTSE market update from @PeterHanksFX here:https://t.co/uFaYFaPGz2 https://t.co/mNnlGDksJn
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.30%, while traders in US 500 are at opposite extremes with 76.93%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/kZcqWecOdG
  • The $EURUSD's climb continues at an exceptional pace. It is on course for the biggest three-week rally since May 2015 (the bottoming after the 2014 collapse) https://t.co/AbDLQ07D95
Forex: U.S. Initial Jobless Claims Rose Less than Forecast Last Week; USD/JPY Strengthened

Forex: U.S. Initial Jobless Claims Rose Less than Forecast Last Week; USD/JPY Strengthened

2012-12-06 14:40:00
Renee Mu, Currency Analyst
Share:

THE TAKEAWAY: [Initial jobless claims rise less than expected] > [Fewer applications for employment due to disruptions by Sandy] > [USDJPY strengthens]

The number of Americans applying for first-time claims for unemployment insurance payments came climbed less than expected. The Labor Department reported that applications for unemployment benefits rose to 370,000 last week, following an upwardly revision to 395,000 from 393,000 initially reported the week before. The median forecast of economists surveyed by Bloomberg News had called for a higher figure of 380,000.

Decline of applications in New Jersey and New York, the two states most affected by Superstorm Sandy last month indicates of significant disruption by the hurricane. Thus, the state data is reported with a one-week lag. In addition, the labor market is likely to remain struggling amid fear of fiscal cliff in U.S. and ongoing worries about the European debt crisis.

USDJPY 1-minute Chart: December 6, 2012

Forex_US_Initial_Jobless_Claims_Rose_Less_than_Forecast_Last_Week_USDJPY_Strengthened_body_1206.jpg, Forex: U.S. Initial Jobless Claims Rose Less than Forecast Last Week; USD/JPY Strengthened

The U.S. dollar strengthened immediately after the release of the report. As can been seen from the one-minute chart above, USD/JPY pair rose to 82.37 yen from 82.35 yen, but soon returned to initial level before the release. At the time this report was written, the USD/JPY was trading at 82.32 yen.

--- Written by Renee Mu, DailyFX Research

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.