U.S. Initial Claims Fell Last Week – November 3

Today, the U.S. jobless claims weekly report was published today, November 3rd and showed a decrease in initial claims of 9,000 for the week ending on October 29th; the total initial claims reached 397,000 claims (seasonally adjusted data); the four week average also fell by 2,000 to 404,500; the insured unemployment rate remained unchanged   at 2.9% for the week ending on October 22nd;  the number of insured unemployment reached 3.683 million, a drop of 15,000 compared with the previous week’s figure; the four week average also declined by 10,500 to 3.703 million. This news might affect the currency forex trading during the day even though the news of the ECB cutting its interest rates by 0.25 percent points may have a strong effect.

Currently the American stock markets in U.S. are traded up and the U.S. dollar is falling against major currencies including the Euro and AUD.

Euros to USD is currently traded down at 1.3809 a 0.45% increase as of 18:36*.

AUD to USD exchange rate is traded at 1.0399 a 0.49% increase as of 18:34*.

Current gold price, short term futures (December 2011 delivery) is traded at $1,763.9 per t oz. a $34.4 increase or 1.98%, as of 18:24*.

(* GMT)

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