US: Initial Jobless Claims rose more than estimated last week
Source Fxstreet
- Initial Jobless Claims rose by 249K vs. the previous week.
- Continuing Jobless Claims rose by nearly 1.880M.
US citizens that applied for unemployment insurance benefits increased by 249K in the week ending July 27 according to the US Department of Labor (DoL) on Thursday. The prints came in above initial consensus (236K) and were lower than the previous weekly gain of 235K.
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was 238.00K, an increase of 2.5K from the previous week's unrevised average.
In addition, Continuing Claims increased by 33K to 1.877M in the week ended July 20.
Market reaction
The US Dollar Index (DXY) comes under some pressure and leaves earlier tops past 104.40 against the backdrop of the incessant move lower in US yields across the curve.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
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.
My Top 5 Stock Market Predictions for 2026Five 2026 market predictions written in a native, news-style voice: AI’s winners and losers, broader sector leadership, dividend demand, valuation cooling as the Shiller CAPE sits at 39 (Dec. 31, 2025), and quantum-computing bursts—while keeping all original facts and numbers unchanged.
Five 2026 market predictions written in a native, news-style voice: AI’s winners and losers, broader sector leadership, dividend demand, valuation cooling as the Shiller CAPE sits at 39 (Dec. 31, 2025), and quantum-computing bursts—while keeping all original facts and numbers unchanged.
Silver Price Analysis: Climbs above $80, as bulls eye weekly highSilver price advances more than 2.50% on Friday, set to end the week with gains of over 7% sponsored by US Dollar weakness and falling oil prices. At the time of writing, the XAG/USD trades at $80.72, after bouncing off daily lows of $78.16.
Silver price advances more than 2.50% on Friday, set to end the week with gains of over 7% sponsored by US Dollar weakness and falling oil prices. At the time of writing, the XAG/USD trades at $80.72, after bouncing off daily lows of $78.16.
Gold slumps below $4,700 on Trump rejection of Iran peace proposalGold price (XAU/USD) falls to around $4,690 during the early Asian session on Monday. The precious metal attracts some sellers after US President Donald Trump rejected Iran’s latest peace offer to end the 10-week conflict choking the Strait of Hormuz, fanning inflation fears.
Gold price (XAU/USD) falls to around $4,690 during the early Asian session on Monday. The precious metal attracts some sellers after US President Donald Trump rejected Iran’s latest peace offer to end the 10-week conflict choking the Strait of Hormuz, fanning inflation fears.
Related Instrument
