EURUSD Intra-Day Fundamentals - Jobless Claims and 50 pips range price movement
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, 05-28-2015 at 02:28 PM (1184 Views)
2015-05-28 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Unemployment Claims]
- past data is 275K
- forecast data is 271K
- actual data is 282K according to the latest press release
if actual < forecast (or previous data) = good for currency (for USD in our case)
[USD - Unemployment Claims] = The number of individuals who filed for unemployment insurance for the first time during the past week. Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.
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"In the week ending May 23, the advance figure for seasonally adjusted initial claimswas 282,000, an increase of 7,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 274,000 to 275,000. The 4-week moving average was 271,500, an increase of 5,000 from the previous week's revised average. The previous week's average was revised up by 250 from 266,250 to 266,500."
"The advance seasonally adjusted insured unemployment ratewas 1.7 percent for the week ending May 16, an increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemploymentduring the week ending May 16 was 2,222,000, an increase of 11,000 from the previous week's unrevised level of 2,211,000. The 4-week moving average was 2,221,250, a decrease of 8,500 from the previous week's unrevised average of 2,229,750. This is the lowest level for this average since November 25, 2000 when it was 2,211,250."
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EURUSD M5: 50 pips range price movement by USD - Unemployment Claims news event :