U.S. Continuous Jobless Claims
Rep: 1,895 🚨 20k HIGHER THAN EXPECTED🚨
Exp: 1,875K
Prev: 1,865k (revised down from 1,871k)
20,000 higher continuous claims than expected. This is keeping the long term trend rising and remains one of thee most concerning charts out there.
Chart Trend
Since Sept 2022 continuing claims increased from 1.302m to 1.895m (593k+)....
KEY POINTS:
In July, 943,000 jobs were created
Highest figure since August 2020; main driver of this strong increase is the Leisure and Hospitality sector
Number of jobs created in June was revised upwards from 850,000 to 938,000
Number of jobs created in May was also revised upwards from 583,000 to 614,000
Total number of jobs at the moment is...
USDCAD struggles to defend a four-day uptrend ahead of the monthly employment data for Canada. The Loonie pair currently pokes a confluence of 61.8% Fibonacci retracement and an ascending trend line from early May. That said, the pair pierced the 1.2545-50 key hurdle the previous day but couldn’t stay beyond the same on daily closing amid overbought RSI...
JOB has a really clear level of resistance not only on the lower end of that gap but it also lines up almost IDENTICALLY with its .786 fib line. Now, while you would assume the .618 could be the next level, we still need to account for the gap and YES that upper gap line has consistently acted as a potential support for about a year before breaking this year....
AUDNZD Analyses based of the data release, and trendline breakout and retest. Kiwi $ has, the 1st quarter data release for Employment and Unemployment rate. As we know these effect the market drastically and the forecast is predicting an increase in Employment rate and a decrease in Unemployment rate which back the technical analyses I have set up.
