News & Analysis at your fingertips.

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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
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
More View more
Real Time News
  • Fed's Evans: - Optimistic about recovery - Expects unemployment to be closer to 5% by end of 2021 #Fed $USD
  • Mid-Week Market Check Up- $USD, $EURUSD, $USDCAD, #Gold, #Silver, $SPX & #Bitcoin and More! (Webinar Archive)- https://t.co/YA8stRdhgx
  • Fed's Evans: - 2021 should deliver a strong economic rebound - Fiscal support will be very helpful - There is still quite a gap in employment - Headline unemployment rate masks lots of people still on sidelines #Fed $USD
  • EU says UK is in "clear departure" from "constructive approach" - BBG.
  • EU says UK is violating its obligations under N.I. protocol. $EUR $GBP
  • The US Dollar remains strong but is trading lower than yesterday's multi-week highs. The $DXY tested the 91.00 level today ahead of the ISM Services print but traded lower after the print noted a slowing of activity in February. $USD https://t.co/o4l1Ir70lK
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.01%, while traders in Germany 30 are at opposite extremes with 65.87%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/32ozAOnK2x
  • Heads Up:🇺🇸 Fed Evans Speech due at 18:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-03-03
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 3.20% Gold: -1.26% Silver: -1.68% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/pZdvB2KyPb
  • Gold trading near the bottom of a would-be long-term bull-flag while Silver price trading on March trend-line, so far holding well. Get your market update from @PaulRobinsonFX here:https://t.co/6KsevTAw1D https://t.co/T3h7eH6MLr
US Dollar Gyrates on Record Breaking Jobless Claims

US Dollar Gyrates on Record Breaking Jobless Claims

Thomas Westwater, Analyst

Record Breaking Initial Jobless Claims as COVID-19 Continues Assault on Economy Talking Points:

  • Jobless claims rise to new record of 6.64 million amid virus pandemic
  • Dow Jones set to open higher despite dismal jobless claims
  • Markets now await Friday’s non-farm payrolls report

US weekly jobless claims crossed the wires at 6.64 million Thursday morning, breaking the previous all-time high record of 3.28 million set just last week. COVID-19 continues to ravage its way through the economy as the virus continues to spread despite aggressive social distancing standards set by federal and State governments. The US Dollar was largely unchanged as the figure crossed the wires, but US equity markets appear set to open higher on the open.

US Dollar Chart (1-Min Chart)

US Dollar Jobless Claims

Chart Created by Thomas Westwater in TradingView

USD Forecast
USD Forecast
Recommended by Thomas Westwater
Get Your Free USD Forecast
Get My Guide

The chances for a recession now appear imminent as economic fallout from the coronavirus continues to mount. Equity markets started the second quarter with a steep decline on Wednesday, with the Dow Jones Index sinking over 900 points. This follows the worst ever Q1 performance for the closely watched index, dropping 23.1 percent.

US Jobless Claims Hits New Record

US Initial Jobless claims record

While initial jobless claims provide timely data on the impact of the current pandemic to the labor market, other economic data this week reflected the grim situation with ISM’s manufacturing survey showing the largest drop in new orders since 2009. Friday will provide further insight into just how severe the virus impacted the US economy last month with March’s non-farm payrolls and ISM’s services PMI survey set to release.

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

DISCLOSURES