On Thursday, the Department of labor announce, the number of Americans claiming for unemployment benefits dropped to 352,000 from 402000 in the week ended January 14, the lowest level in nearly four years.
A senior U.S. economist at Societe Generale in New York, Brian Jones said, “You’ve got a gradual improvement in the labor market,” Because of “choppiness with the beginning of the calendar year, you have to look at the four-week moving average” which he said was“encouraging.”
Omer Esiner, chief market analyst at Commonwealth Foreign Exchange said “We have to see if there are some seasonality issues involved here, but on the surface this number looks to be very positive and is pretty much consistent with other data we've seen recently that suggest improvement in underlying fundamentals in the U.S.”
The Australian Dollar was lower against the U.S. Dollar on Friday.
AUD/USD was trading at 1.0407, down 0.12% at time of writing.
The pair was likely to find support at 1.0254, Monday’s low, and resistance at 1.0450, Tuesday’s high.
From HPCforex
A senior U.S. economist at Societe Generale in New York, Brian Jones said, “You’ve got a gradual improvement in the labor market,” Because of “choppiness with the beginning of the calendar year, you have to look at the four-week moving average” which he said was“encouraging.”
Omer Esiner, chief market analyst at Commonwealth Foreign Exchange said “We have to see if there are some seasonality issues involved here, but on the surface this number looks to be very positive and is pretty much consistent with other data we've seen recently that suggest improvement in underlying fundamentals in the U.S.”
The Australian Dollar was lower against the U.S. Dollar on Friday.
AUD/USD was trading at 1.0407, down 0.12% at time of writing.
The pair was likely to find support at 1.0254, Monday’s low, and resistance at 1.0450, Tuesday’s high.
From HPCforex
