US Job Claims Keep Markets Skeptical

US Job Claims Keep Markets Skeptical

2020-09-24 • Updated

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Ichimoku Kinko Hyo

EUR/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.

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Fibonacci Levels

 XAU/USD: Gold has made a full correction but still struggles to touch the 23.6% correction.

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US Market View

The number of Americans applying for initial unemployment benefits came in at a larger-than-forecast 870,000 last week, signaling that the recovery in the labor market is losing momentum as the coronavirus pandemic lingers and layoffs continue apace. Economists had forecast a decline to 840,000. The prior week's figure was revised up to 866,000 from an initially reported 860,000.

US Key Point

  • GBPUSD bases against 100/200-day MA today
  • The EURUSD trading lower for the 5th day in a row

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