U.S. Initial Claims Decreased Last Week – October 20

Today, the U.S. jobless claims weekly report was published and showed another decrease in initial claims of 6,000 for the week ending on October 15th; the total initial claims reached 403,000 claims (seasonally adjusted data); the four week average also declined by 6,250 to 403,000; the insured unemployment rate remained unchanged at 2.9% for the week ending on October 8th;  the number of insured unemployment reached 3.719 million, an increase of 25,000 compared with the previous week’s number; the four week average on the other hand declined by 7,500 to 3.730 million. This news might affect the U.S Dollar during the day.

Currently the stock markets in U.S. are traded slightly down and the U.S. dollar is dropping against major currencies including the Euro, GBP and AUD.

Euros to USD is currently traded down at 1.3736 a 0.1739% decrease as of 14:26*.

GBP to USD exchange rate is traded at 1.5751 a 0.1485% decrease as of 14:26*.

Current gold price, short term futures (November 2011 delivery) is traded at $1,619.4 per t oz. a $27.6 decrease or 1.68%, as of 14:15*.

(* GMT)

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