US: Initial Jobless Claims rose to 219K last week
Source Fxstreet
- Initial Jobless Claims rose above consensus to 219K.
- Continuing Jobless Claims climbed to 1.886M in the week ending January 25.
US citizens filing new applications for unemployment insurance rose to 219K for the week ending February 1, as reported by the US Department of Labor (DoL) on Thursday. This print missed initial estimates and was higher than the previous week's revised tally of 208K (from 207K).
The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average rose to 216.75K, marking an increase of 4K from the prior week’s revised average.
Moreover, Continuing Jobless Claims went up by 36K to reach 1.886M for the week ending January 25.
Market reaction
The Greenback maintains its bullish bias above 108.00 when tracked by the US Dollar Index (DXY), reversing a three-day negative streak.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Michael Saylor and Strategy are heavily investing in Bitcoin, adding 10,624 more BTC to their already significant holdings, despite a tough year for their stock.
Silver (XAG/USD) enters a bullish consolidation phase during the Asian session and oscillates in a narrow range near the all-time peak, around the $61.00 neighborhood, touched this Wednesday.
Solana (SOL) targets a breakout above $145 as four days of ETF inflows, rising futures open interest, and growing on-chain liquidity signal a return of bullish momentum.
Gold Price Forecast: XAU/USD drifts higher above $4,200 as Fed delivers expected cutGold price (XAU/USD) gains momentum to around $4,235 during the early Asian session on Thursday. The precious metal extends its upside after the US Federal Reserve (Fed) delivered an expected third consecutive interest rate cut and maintained its outlook for just one cut in 2026.
Gold price (XAU/USD) gains momentum to around $4,235 during the early Asian session on Thursday. The precious metal extends its upside after the US Federal Reserve (Fed) delivered an expected third consecutive interest rate cut and maintained its outlook for just one cut in 2026.
Gemini integrates Ripple's RLUSD on XRPL and secures a CFTC license for prediction markets, though XRP price struggles at $2.02 despite strong ETF inflows.
