- Prior week 231K revised to 232K.
- Initial jobless claims 218K versus 235K estimate
- 4 week moving average of initial jobs claims 237.5 K versus 240.2 5K prior week
- Continuing claims 1.926 million versus 1.935 million estimate
- 4 week moving average of continuing claims 1.930 million versus 1.935 million last week
The initial jobs claims after spiking higher a few weeks ago has moved back down toward the low of the range for most of the trading year. The continuing claims data corresponds with the survey week.
US 10 year yield is now up 2.9 basis points at 4.175%. That is up from 3.99% on the day of the Fed 25 basis point rate cut.
The EURUSD has moved to new lows and tests the 200 hour MA at 1.17025. The GBPUSD has continued its move lower and is testing support at 1.33865 (the broken 38.2% retracement of the move down from the July 1 high.)
