US: Initial Jobless Claims increased less than estimated last week

Source Fxstreet
  •  Initial Jobless Claims rose to 216K, down from the previous week's 228K.
  • Continuing Jobless Claims climbed to 1.862M in the week ending October 18.

US citizens filing new applications for unemployment insurance rose to 216K for the week ending October 25, as reported by the US Department of Labor (DoL) on Thursday. This print came in below the consensus forecast and the previous week's tally of 228K (revised from 227K).

The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average retreated to 236.50K, marking an decrease of 2.250K from the prior week’s revised average.

Moreover, Continuing Jobless Claims shrank by 26K to reach 1.862M for the week ending October 18.

Market reaction

The Greenback extends its weekly leg lower and drags the US Dollar Index (DXY) to multi-day lows in the 103.90-103.85 band, a region also coincident with the key 200-day SMA.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Goldman Sachs Raises Oil Price Forecasts and Warns Oil May Break All-Time Highs if Strait of Hormuz Disruption PersistsTradingKey - As tensions in the Middle East continue to escalate, concerns over supply disruptions in the energy market are heating up rapidly. Goldman Sachs' latest report raised its crude oil price
Author  TradingKey
7 hours ago
TradingKey - As tensions in the Middle East continue to escalate, concerns over supply disruptions in the energy market are heating up rapidly. Goldman Sachs' latest report raised its crude oil price
placeholder
SEC, CFTC move past turf battle as Bitcoin approaches $70KThe SEC and the CFTC entered into a memorandum of understanding to work together on a regulatory framework.
Author  Cryptopolitan
7 hours ago
The SEC and the CFTC entered into a memorandum of understanding to work together on a regulatory framework.
placeholder
Gold weakens as inflation concerns lift US bond yields and USD; downside remains cushionedGold (XAU/USD) trades with a negative bias for the second consecutive day on Thursday, though it lacks follow-through selling and stalls the intraday slide near the $5,125 area.
Author  FXStreet
11 hours ago
Gold (XAU/USD) trades with a negative bias for the second consecutive day on Thursday, though it lacks follow-through selling and stalls the intraday slide near the $5,125 area.
placeholder
Breaking: WTI rises above $92.50 amid supply disruption fears, geopolitical turmoilWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $92.65 during the early Asian trading hours on Thursday. The WTI price climbs over 6.5% on the day as fresh attacks on ships in the Strait of Hormuz worsen supply disruption fears. 
Author  FXStreet
16 hours ago
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $92.65 during the early Asian trading hours on Thursday. The WTI price climbs over 6.5% on the day as fresh attacks on ships in the Strait of Hormuz worsen supply disruption fears. 
placeholder
Trump Wants TACO? The Script for an Iran War May No Longer Be His to WriteThe US-Israel-Iran conflict enters its second week as new developments emerge in the situation.On March 9 local time, U.S. President Trump sent a clear signal during a press conference, s
Author  TradingKey
Yesterday 09: 57
The US-Israel-Iran conflict enters its second week as new developments emerge in the situation.On March 9 local time, U.S. President Trump sent a clear signal during a press conference, s
Related Instrument
goTop
quote