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The latest US weekly jobless claims data has now been released and it more or less matched forecasts, but with a slight beat. However, we are talking small fractions, which is neither here nor there. Just ahead of the release, the dollar was tracking lower versus the Yen, but it has now bounced back, not because the data was great, but because it had drifted lower ahead of the outcome, in case it was not. So, with that USD/JPY rebound has come a further downside move in the GBP/USD and the EUR/USD. Earlier today the EUR/USD rose to 1.0789 . It is now testing 1.0750; The current range on the week is still clearly intact though and so far that has been entirely covered inside 1.07 and 1.08. The EUR/USD is just now trading at 1.0752
The reaction across the markets following the release of the US data a few minutes ago has helped to lift Gold. Quite why that is the case is not...
The latest US weekly jobless claims and Durable goods orders data have just been released. The focus here is on the claims numbers and they were...
At 12.30pm GMT the US will release the latest weekly jobless claims. Now, more usually this data might not always be that important, but under the...
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