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
Forex Today: Risk flows dominate markets on US-Iran deal hopesHere is what you need to know on Monday, May 25:
Author  FXStreet
8 hours ago
Here is what you need to know on Monday, May 25:
placeholder
Silver Price Forecast: XAG/USD holds gains near $78.50 on US-Iran deal optimismSilver price (XAG/USD) rises nearly 4% after registering losses in the previous day, trading around $78.50 per troy ounce during the Asian hours on Monday.
Author  FXStreet
16 hours ago
Silver price (XAG/USD) rises nearly 4% after registering losses in the previous day, trading around $78.50 per troy ounce during the Asian hours on Monday.
placeholder
Gold Price Forecast: XAU/USD keeps looking for direction above $4,500Gold (XAU/USD) trades lower for the second consecutive day on Friday, but remains contained within previous ranges, with downside attempts limited above the $4,500 line for now.
Author  FXStreet
May 22, Fri
Gold (XAU/USD) trades lower for the second consecutive day on Friday, but remains contained within previous ranges, with downside attempts limited above the $4,500 line for now.
placeholder
US President Donald Trump will swear in Kevin Warsh on Friday to lead FedThe US President Donald Trump administration said that Trump will swear in Kevin Warsh as ‌the chair of the US Federal Reserve (Fed) on Friday at the White House, Reuters reported on Thursday.
Author  FXStreet
May 22, Fri
The US President Donald Trump administration said that Trump will swear in Kevin Warsh as ‌the chair of the US Federal Reserve (Fed) on Friday at the White House, Reuters reported on Thursday.
placeholder
Nvidia Q1 Revenue Surges 85%, Data Center Business Accounts for 90%, Blowout Results Fail to Stop Stock VolatilityAs the absolute leader in the global AI industry chain, NVIDIA ( NVDA) delivered a quarterly earnings report that surpassed Wall Street's general expectations as anticipated.After the mar
Author  TradingKey
May 21, Thu
As the absolute leader in the global AI industry chain, NVIDIA ( NVDA) delivered a quarterly earnings report that surpassed Wall Street's general expectations as anticipated.After the mar
Related Instrument
goTop
quote