EUR/USD gained 0.78%. US initial jobless claims at 276,000.

EUR/USD significantly increased during European and North American sessions. As of 5:54 PM EDT the currency pair was trading at 1.1382, which represents a 0.78% gain from the previous close.

US shares closed almost unchanged today. The performance of major indices is presented below:

EURO-DOLLAR.Com Top Forex Brokers
Trade EUR/USD with AVA Trade
Trade EUR/USD with eTORO
Trade EUR/USD with XM.Com
  • DJIA closed at 17,685.09, down 0.18%.
  • Nasdaq Composite remained almost unchanged at 4,869.85.
  • S&P 500 lost 0.20% finishing at 2,059.74.

The US Labor Department announced today that the initial claims for state unemployment benefits rose by 11,000 to a seasonally adjusted 276,000 in the week ended March 26, which is higher than the analysts’ forecast of the figure to remain unchanged at 265,000.

“Claims remain at a level that is consistent with low rates of involuntary job separation and this report, similar to other labor market-related releases for March, points to no significant shift in labor market trends at the end of the first quarter” said John Ryding from RDQ Economics.

The ISM-Chicago’s regional manufacturing index rose 6 points to 53.6 in March. A reading above 50 means expansion in manufacturing sector.

“The boost to new orders signals growth will continue in the coming months. The bottom in manufacturing may be behind us” said Jay Morelock from FTN Financial.

Oil prices closed this month posting a gain of more than 10%. The WTI Crude finished at 38.11 USD/bbl, which is 0.55% lower than the previous close. Brent Crude was trading at 39.60 USD as of 2:30 PM EDT, which represents a 0.87% gain.

AVA Trade
Trade With Confidence
Award-winning innovative broker. Segregated accounts with leading international banks.+200 financial instruments for trading.
$30 No Deposit Bonus
Open an XM Zero account and trade with spreads as low as 0! Average EUR/USD spread 0.1
eToro Social Trading
Copy Successful Traders
Automatically copy leading traders in eToro community. Expert trader? get copied yourself to earn a second income!

I’m a finance specialist with 4+ years of working experience, out of which 2 years as a SME relationship manager at Byblos Bank and 2 years as a Finance Director in a Food & Beverage sector. My academic background include BA in economics, MA in finance, CFA Level 1 and F1, F2, F3 level of ACCA. I’m also experienced in Forex/CFD trading and Forex/ Equity markets analysis.

Tags: , ,

Leave a Reply

You must be logged in to post a comment.