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The number of Americans filing first-time claims for unemployment benefits edged up last week, the government said Thursday. There were 410,000 initial jobless claims filed in the week ended Feb
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Jobless claims tick back above 400,000
CADJPY: we have been looking at this pair since the start of the week and it has convincingly broke out of the range dating back to Aug 2010. Fro0m here we could see back to 86.00 first then toward the 88.00 June 2010 highs.
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Ones to Watch CADJPY and Oil
More Americans than projected filed first-time claims for unemployment insurance last week, a sign the improvement in the labor market will take time to develop.
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U.S. Initial Jobless Claims Rose More Than Estimated to 410,000 Last Week
From a purely technical perspective, the dollar has hovered on the verge of a meaningful bullish breakout since the week began. However, potential is just that until there is a catalyst that converts a scenario into progress and further feeds the move with fundamental support.
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Forex: Dollar Disappointed by a Restrained FOMC Minutes but the Hawkish Turn is Just on the Horizon
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