U.S. Initial Claims Decreased Last Week – September 29

Today, the U.S. jobless claims weekly report was published and showed a decline in initial claims by 37,000 for the week ending on September 24th; the total initial claims reached 391,000 claims (seasonally adjusted data); the four week average slightly inclined by 500 to 417,000; the insured unemployment rate remained unchanged at 3.0% for the week ending on September 17th; and the number of insured unemployment reached 3.749 million, a decrease of 20,000 compared with the previous week’s number; the four week average also declined by 4,500 to 3.743 million. This news might adversely affect the USD during the trading day.

This news is crowded out by the recent news from Europe in which the German Parliament approved the additional bailout package for the European fund.  Currently the stock markets in Europe are traded up as the U.S. dollar is depreciated of major currencies including the Euro, CAD and AUD.

Euros to USD is currently traded up at 1.3628 a 0.6323% increase as of 15:45*.

USD to Canadian dollar exchange rate is traded down at 1.0311 a 0.2318% increase as of 15:45*.

Current gold price, short term futures (October 2011 delivery) is traded at $1,616.10 per t oz. a $2 decrease or 0.12%, as of 15:37*.

 (* GMT)

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