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U.S. Weekly Jobless Claims Rebound Slightly More Than Expected

2024-08-14 4829

(fxcue news) - After reporting decreases by first-time claims for U.S. unemployment benefits over the two previous weeks, the Labor Department released a report on Thursday showing a modest rebound by initial jobless claims in the week ended August 17th. The report said initial jobless claims rose to 232,000, an increase of 4,000 from the previous week's revised level of 228,000. Economists had expected jobless claims to inch up to 230,000 from the 227,000 originally reported for the previous week. Meanwhile, the Labor Department said the less volatile four-week moving average edged down to 236,000, a decrease of 750 from the previous week's revised average of 236,750.

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U.S. Weekly Jobless Claims Rebound Slightly More Than Expected

Euro Mixed After Eurozone Flash PMI Data

Walmart+ Unveils Dining Benefit With Burger King

Asian Markets Trade Mostly Lower

Eurozone Private Sector Growth Strengthens

Lancaster Colony Q4 Results Miss Estimates

U.S. Weekly Jobless Claims Rebound Slightly More Than Expected

Sensex

Pound Rises On Robust Flash U.K. PMI Data

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Trader

EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

Tags

U.S. Weekly Jobless Claims Rebound Slightly More Than Expected

Euro Mixed After Eurozone Flash PMI Data

Walmart+ Unveils Dining Benefit With Burger King

Asian Markets Trade Mostly Lower

Eurozone Private Sector Growth Strengthens

Lancaster Colony Q4 Results Miss Estimates

U.S. Weekly Jobless Claims Rebound Slightly More Than Expected

Sensex

Pound Rises On Robust Flash U.K. PMI Data

Please sign in

Trader

EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

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