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US Initial Jobless Claims increase to 640K in Apr 18 from 613K

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US May 9 Initial Jobless Claims increase to 637K vs 605K

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US Stocks rose; JPY and USD weakened

FXstreet.com (Córdoba) ? Markets in the U.S. rose recovering part of Wednesday losses. Dow Jones finished at 8331 an increase of 0.56% for the day. Nasdaq rose 1.50%. This happen on the day that Wal-Mart reported an increase in first-quarter sales and that initial jobless claims showed an increase in job losses reaching 637,000 for the week ended May 9. Mix data that wasn?t enough to extend the downside rally in Wall Street. In this scenario riskier currencies rose across

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Forex: EUR/USD: Euro drops below 1.3755 after U.S. jobless claims

FXstreet.com (Barcelona) - The Euro has dropped below the 1.3755 support level on after jobless claims data was released, reaching a new intra-day low at 1.3735 ahead of the U.S. session opening. U.S Jobless claims have dropped by 12K to 631K during the ¡week of may 60, a larger drop than the 7K expected although Continuing claims have increased by 75K to a new record high to 6.662000.Immediate support level lies at 1.3705/10 and 1.3650/65 (May 14, 15 and 19

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Forex: EUR/USD: Euro approaches intra?day support at 1.3525 after jobless data

FXstreet.com (Barcelona) ? The Euro has weakened further after figures of U.S. jobless claims and Producer Prices Index were released, approaching intra-day support at 1.3525.Initial jobless claims rose by 32K in the week of May the 9th to 637K a somewhat higher increase than the 10k rise forecasted by market analysts. On the other hand, U.S producer prices rose 0.3% in April, instead of the 1% rise advanced by the analysts.Euro decline from 1.3620 resistance has extended after U.S. data

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Europe to See Negative Inflation, but Not Deflation, Says ECB's Papademos

The euro zone will likely experience negative inflation, but deflation is not likely, according to European Central Bank Vice-President Lucas Papademos.While presenting the ECB's annual report to European parliamentarians in Strasbourg, France, on Tuesday, he said inflation will likely remain around 2%, falling into negative territory by mid-year. Such a phenomenon is expected to be temporary, driven mainly by base effects from past energy price developments, and would not constitute an episode of deflation, that is a

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Forex: GBPUSD drops to 1.4520 after UK unemployment and PSNB data

FXstreet.com (Barcelona) ? UK Unemployment has risen to the highest level in 12 years in march, and Public sector net borrowing reached an all time high on the same month; the Sterling dipped further after data was released.Jobless claims rose by 73,700 in the UK in March, with the ILO unemployment rate reaching 6.7%, although, expected, this is the 13th consecutive increase in unemployment figures and the total amount of claims, 1.46 million Is the highest in the last 12

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US Initial Jobless Claims drop bu 34K to 601K in May 2 week

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U.S. Jobless claims rise slightly above expectations; Euro drops below 1.3050

FXstreet.com (Barcelona) ? U.S. Jobless claims have increased by 27 K in the week of April the 18th to a total amount of 640K from upwardly revised 6123K on the previous week.The Euro has dropped slightly immediately after claims figures were released dropping to levels below 1.3050 after having reached an intra-week high at 1.3088. GBP/USD has been rejected by the downward trending resistance line off 1.5065 high on April 16, currently around 1.4570, although the Pound remains above 1.4520

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Forexnewsmarket.com 4/23/2009 News

ForexNewsMarket.com - 24/5 Forex News, Analysis, Trading Signals & Much More!4/23/2009Unemployment Levels Rise After Initial DropThe number of jobless claims filed last week rose to 640,000 for the entire week. The rise in claims comes after a drop the previous week. The increased number could be due to layoffs which have been commonplace

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