US: Initial Jobless Claims increased below expectations last week
Source Fxstreet
- Initial Jobless Claims rose by 211K from a week earlier.
- Continuing Jobless Claims rose by nearly 1.820M.
US citizens that applied for unemployment insurance benefits increased by 211K in the week ending April 6 according to the US Department of Labor (DoL) on Thursday. The prints came in just below initial estimates (215K) and down from the previous weekly gain (222K revised).
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average stood at 214.25, a decrease of 0.250K from the previous week's revised average.
In addition, Continuing Claims increased by 28K to 1.817M in the week ended March 30.
Market reaction
The US Dollar Index (DXY) comes under some selling pressure around the 105.10 zone in the wake of the release.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
Gold Price Forecast: XAU/USD jumps above $4,350 on US-Venezuela tensions Gold price (XAU/USD) climbs to around $4,370 during the early Asian trading hours on Monday. The precious metal extends its upside amid a renewed surge in geopolitical risk after the United States' (US) capture of Venezuelan President Nicolas Maduro.
Gold price (XAU/USD) climbs to around $4,370 during the early Asian trading hours on Monday. The precious metal extends its upside amid a renewed surge in geopolitical risk after the United States' (US) capture of Venezuelan President Nicolas Maduro.
Gold price (XAU/USD) rebounds to around $4,120 during the early Asian session on Friday. The precious metal edges higher as traders weigh a resumption of war in the Middle East.
West Texas Intermediate (WTI) oil price rises after two days of losses, trading around $74.20 during the Asian hours on Monday.
Gold (XAU/USD) opens with a modest bearish gap at the start of a new week and slides back closer to the $4,050 level during the Asian session.
