US initial claims increased last week September 8

Today’s U.S. jobless claims weekly report was published and showed a slight increase in initial claims of 2,000 for the week ending on September 3rd; it reached 414,000 claims (seasonally adjusted data); the insured unemployment rate remained unchanged at 3.0% for the week ending on August 27th; and the number of insured unemployment was 3.717 million, a decrease of 30,000 compared with the previous week’s number.


This news doesn’t look well for the US economy’s recovery or its Labor market, and might be among the news items that would influence today traders; that being said, currently the US dollar is traded down against major currencies; furthermore, gold and silver prices are  traded up, while crude oil prices are traded slightly down.

Euros to USD is currently traded down at 1.3985 a 0.8063% decrease as of 14:03*.

USD to Canadian dollar exchange rate is traded up at 0.9852 a 0.1935% increase as of 14:03*.

Current Nymex crude oil price, short term futures (October 2011 delivery) is traded down by 0.50%, at $88.89 per barrel as of 13:55*.

Current gold price, short term futures (October 2011 delivery) is traded at $1,857.40 per t oz. a $39.8 increase or 2.19%, as of 13:51*.

(* GMT)

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