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First-time weekly jobless claims in the U.S. fell by 1,000 to a seasonally adjusted 298,000 during the week to Saturday, the Labor Department said Thursday. The previous week's claims were revised up by 1,000 to 299,000. Heading into the report, consensus expectations compiled by various news organizations showed economists expected to see about 299,000 to 302,000 new claims. Meanwhile, the four-week moving average ...
- Euro-Zone Consumer Price Index (CPI) to Slow to 0.3%- Lowest Since October 2009 - Core Inflation to Hold Steady at 0.8% for Third Consecutive Month Trading the News: Euro-Zone Consumer Price Index (CPI) Another downside in the Euro-Zone’s Consumer Price Index (CPI) may heighten the bearish sentiment surrounding the EUR/USD as it puts increased pressure on the European Central Bank (ECB) to further embark on its easing cycle. What’s Expected: ...
Apple has confirmed that it is holding a press event on Sept. 9, most likely to unveil new products. The company is widely expected to debut a new version of the iPhone, and the company will reportedly offer at least one model with a larger 5.5-inch screen. Reports also indicate that Apple may show off the long-awaited iWatch, a wearable device that would likely run on iOS. The event will take place in the company’s hometown of Cupertino, California at 10 a.m. Pacific time. ...
- Germany Unemployment to Contract for Second Consecutive Month. - Jobless Rate to Hold at Annualized 6.7% for Six Straight Months. Trading the News: German Unemployment Change Germany’s Unemployment report may generate a more meaningful rebound in the EUR/USD should the data highlight an improved outlook the euro-area’s largest economy. What’s Expected: Why Is This Event Importantespite ...
- U.S. Durable Goods Orders to Increase for Second Month. - 7.1% Rise Would Mark Fastest Pace of Growth Since March 2011. Trading the News: U.S. Durable Goods Orders A 8.0% rise in demand for U.S. Durable Goods may spur a bullish reaction in the greenback (bearish EUR/USD) as it raises the scope for a stronger recovery in the second-half of 2014. What’s Expected: Why Is This Event Important: ...
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