Positive macroeconomic statistics from the United States | 31 December 2021

31 December 2021, EUR/USD

Positive macroeconomic statistics from the United States

EURUSD trading plan:

New claims for U.S. unemployment benefits fell in the week leading up to Christmas and benefits rolls slid to their lowest level of the coronavirus pandemic era the week earlier, the Labor Department said. Initial claims for state unemployment benefits dropped to a seasonally adjusted 198,000 for the week ended Dec. 25 from a revised 206,000 a week earlier. Early this month, claims dropped to a level last seen in 1969. The figures - among the timeliest reading on the health of the labor market - also showed the number of people on benefits beyond the first week fell to 1.716 million in the week ended Dec. 18, the lowest since the week of March 7, 2020. That essentially marks a return to the level that prevailed before the first wave of COVID-19 lockdowns later that month sent unemployment rolls soaring.

Investment idea: sell 1.1340 and take profit 1.1296.

David Johnson
Analyst of «FreshForex» company
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