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Better than forecast US weekly claims force GBP/USD lower

Well, perhaps it is only a logical reaction to the better than expected US ADP data, but it seems to have required endorsement and that has come from a lower than expected weekly jobless claims number that was released around 15 minutes later. That showed 202k new claimants and that was below the 216k forecast. This data has provided further impetus for the dollar and lifted the USD/JPY to above 144.50 now, as it closes in on that 144.70 Fibonacci level. At the same time the EUR/USD has now dropped back below its 21 day moving average once more. Earlier the EUR/USD lifted to a high at 1.0972. The GBP/USD is lower too and falling back under 1.2675 just now, from an earlier high at 1.2730. This is all because US treasury yields are now higher and that might have an impact on the US stock markets when they reopen in around 40 minutes. It is certainly biting on the Nasdaq 100 futures if not on the Dow Jones yet. The GBP/USD is currently trading at 1.2679
 

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