Negative macroeconomic statistics from the United States | 09 Diciembre 2022

09 Diciembre 2022, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

The number of Americans filing new claims for jobless benefits increased moderately last week, pointing to a still-tight and strong labor market despite growing fears of a recession as the Federal Reserve fights to dampen demand. Labor market tightness and resilience keeps the U.S. central bank on course to continue hiking interest rates for a while. Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 230,000 for the week ended Dec. 3. Last week's increase was in line with economists' expectations. Claims are well below the 270,000 threshold, which investors said would raise a red flag for the labor market.

Investment idea: buy 1.0550 and take profit 1.0614.


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
David Johnson
Analyst of «FreshForex» company
Close
Iniciar sesión