U.S. Jobless Claims Fall More Than Forecast

U.S.A Globe

Unemployment claims fell by 23k to 340k last week. The last report showed a significantly higher number than expected at 360k. The 4-week moving average dropped to 339,500 from 340,000. You can find the unemployment claims report here.

Yesterday, Bernanke gave his economic outlook for the U.S. “A premature tightening of monetary policy could lead interest rates to rise temporarily but would also carry a substantial risk of slowing or ending the economic recovery and causing inflation to fall further,” Bernanke said in testimony to the Joint Economic Committee of Congress. Monetary policy is providing “significant benefits,” Bernanke said. (Bloomberg) So, it seems like the monthly $85 billion for quantitative easing will remain for now.

The EUR/USD has been testing the 1.280 level for days. If it breaks through, we could see a continuation to the downside.

If you haven’t been keeping up with Nathan’s daily technical analysis videos, click here.

For news updates and more fundamental Forex info, follow me on Twitter. Follow the Winner’s Edge account, Casey’s twitter account, Nathan’s twitter account, and Tim’s twitter account too!

here_for_you_001

1359774937_facebook 1359774984_linkedin 1359774949_twitter 1359774960_google 1359774973_rss 1360027635_youtube
Connect_With_Winners_Edge

Get trade set ups everyday!

Also, if you don’t have your own Forex Trading System with a trading plan make sure you read the Forex Trading System article!

The following two tabs change content below.
Winners Edge Trading was founded in 2009 and is working to create the most current and useful Forex information and training available on the internet.

Latest posts by admin (see all)

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news