Yesterday’s trade saw NZD/USD within the range of 0.7288-0.7454. The pair closed at 0.7369, gaining 0.15% on a daily basis.
At 12:11 GMT today NZD/USD was up 0.43% for the day to trade at 0.7399. The pair touched a daily high at 0.7403 at 10:10 GMT.
Initial jobless claims number is a short-term indicator, reflecting lay-offs in the country. In case the number of claims fell more than projected, this would have a bullish effect on the greenback.
The number of continuing jobless claims probably increased to the seasonally adjusted 2 395 000 during the week ended on January 23rd from 2 385 000 in the previous week. The latter was a decrease by 71 000 compared to the revised up number of claims, reported during the week ended on January 9th. This indicator represents the actual number of people unemployed and currently receiving unemployment benefits, who filed for unemployment assistance at least two weeks ago.
Read more Click here / www.trade4x.net
At 12:11 GMT today NZD/USD was up 0.43% for the day to trade at 0.7399. The pair touched a daily high at 0.7403 at 10:10 GMT.
Fundamentals
United States
Initial, Continuing jobless claims
The number of people in the United States, who filed for unemployment assistance for the first time during the week ended on January 30th, probably increased to 290 000 from 265 000 in the prior week. The latter has been the lowest number of claims since April 15th 2000, when it was reported at 259 000. The 4-week moving average, an indicator lacking seasonal effects, was 298 500, marking a decrease of 8 250 from the previous week’s revised average. The prior week’s average was revised up by 250 to 306 750.Initial jobless claims number is a short-term indicator, reflecting lay-offs in the country. In case the number of claims fell more than projected, this would have a bullish effect on the greenback.
The number of continuing jobless claims probably increased to the seasonally adjusted 2 395 000 during the week ended on January 23rd from 2 385 000 in the previous week. The latter was a decrease by 71 000 compared to the revised up number of claims, reported during the week ended on January 9th. This indicator represents the actual number of people unemployed and currently receiving unemployment benefits, who filed for unemployment assistance at least two weeks ago.
Read more Click here / www.trade4x.net
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