Thursday, September 10, 2015

US jobless claims may induce volatility – Danske Bank

FXStreet (Delhi) – Research Team at Danske Bank, suggest that after the US labor department printed solid numbers for initial claims previously, this time the print is likely to induce volatility in the markets.

Key Quotes

“Jobless claims data in the US have generally been solid with initial jobless claims fluctuating around the 270-275K level since May.”

“Last week showed an increase to 282K but according to the labour department, volatility can be higher in the 'back to school' period. Hence we could see some payback today. Continuing claims have also been stable around low levels since May and consensus looks for a continuation of this.”
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