The US dollar climbed steadily in New York trading after the best jobless claims report since 2006. It was the best performer on the day while the kiwi and Aussie lagged. Japanese CPI is due later. In our Premium Insights
, we issue fresh trades in EURUSD and GBPUSD with four new charts ahead of Friday's UK GDP & following today's PMI-driven EUR bounce. Sticking with our EURJPY and EURAUD shorts, especially as the latter entered at 1.46200, targeting 1.4200 missed its final target by 12 pips. We also await the final 1.1020 target in AUDNZD after the 1.0830 entry on Tuesday produced 1.1016 on Thursday, instead of the final 1.1020. All charts & trades are in the
The US dollar gained 20-40 pips across the board in NY hours in a steady grind after initial jobless claims improved to 284K from 303K. The reaction was an immediate rise in the dollar followed by a steady climb.
The data was strong enough that markets cast aside other, softer figures. June new home sales plunged to 406K from 475K and the Market manufacturing PMI slipped to 56.3 from 57.5 expected.