U.S. Initial Claims Decreased Last Week – September 22

Today, the U.S. jobless claims weekly report was published and showed a decrease in initial claims of 9,000 for the week ending on September 17th; the total initial claims reached 423,000 claims (seasonally adjusted data); the four week average slightly inclined by 500 to 421,000; the insured unemployment rate remained unchanged at 3.0% for the week ending on September 10th; and the number of insured unemployment reached 3.727 million, a decrease of 28,000 compared with the previous week’s number; the four week average on the other hand inclined by 6,500 to 3.742 million.

This news is crowded out by the FOMC announcement to purchase only $400 billion of long term securities. Currently the stock markets in Europe are traded sharply down along with the sharp appreciation of the U.S. dollar against major currencies including the Euro, CAD and AUD.

Euros to USD is currently traded down at 1.3427 a 1.0709% decrease as of 13:40*.

USD to Canadian dollar exchange rate is traded sharply up at 1.0349 a 2.6540% increase as of 09:36*.

Current gold price, short term futures (October 2011 delivery) is traded at $1,737.70 per t oz. a $70.4 decrease or 3.89%, as of 13:28*.

(* GMT)

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