Daily Update - 28th December 2017
The Euro and Pound had a positive Wednesday as there were no set backs for both currencies. Dollar was expected to stage a comeback with the release of Pending Home Sales, but the figures were not enough to impress the investors. A quiet morning as no data can be seen from any region. In the evening US will release Initial Jobless Claims which is a measure of the number of people filing first-time claims for state unemployment insurance. In other words, it provides a measure of strength in the labor market. Labor market disappointed with a jump to 245K last time. We could see it sliding back to the 230Ks this time. The day will end with US Continuing Jobless Claims which is a measure of the number of individuals who are unemployed and are currently receiving unemployment benefits. It presents the strength in the labor market.Yesterday’s Market
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