US: Initial Jobless Claims rose more than expected
Source Fxstreet
- Initial Jobless Claims rose by 214K in the third week of the year.
- Continuing Jobless Claims also surpassed estimates.
US citizens that applied for unemployment insurance benefits increased by 214K in the week ending January 20 according to the US Department of Labor (DoL) on Thursday. The reading came in above market consensus and follows a 189K gain in the previous week.
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 202.25K, a decrease of 1.5K from the previous week's revised average.
In addition, Continuing Claims increased by 27K to 1.833M in the week ended January 13.
Market reaction
The US Dollar Index kept the daily range in the low 103.00s soon after the publication of weekly labour market data, extending the leg lower sparked on Wednesday.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
US Bitcoin spot exchange-traded funds (ETFs) have seen more inflows this year so far compared to the same point in 2024, according to data.
Silver (XAG/USD) is trading lower in an otherwise calm market session on Thursday.
Gold (XAU/USD) attracts buyers for the second consecutive day and surges past the $4,100 mark to hit a nearly two-week high during the Asian session on Wednesday.
Bitcoin Price Forecast: Persistent ETF inflows, easing Middle East tensions lift risk appetiteBitcoin (BTC) extends its gains, trading above $64,800 at the time of writing on Thursday, breaking above the key resistance zone. Institutional demand supports BTC price action with spot Exchange Traded Funds (ETFs) recording a third consecutive day of inflows so far this week.
Bitcoin (BTC) extends its gains, trading above $64,800 at the time of writing on Thursday, breaking above the key resistance zone. Institutional demand supports BTC price action with spot Exchange Traded Funds (ETFs) recording a third consecutive day of inflows so far this week.
