US jobless claims hit a five year low last week...
US jobless claims hit a five year low last week, with only 291,000 claims versus 326,000 in the previous week. Non-farm payrolls are expected to come in around +208,000 when they're released at 13:30 today.
Interestinly, despite the unexpectedly low unemployment rate, and positive ISM figures, the dollar failed to rally yesterday, which gives us an insight into the "mood" of the market. The Fed's clearly signalled intention to halt the long strong of rate rises is the primary focus, and we may see further dollar weakness.
GBPEUR - Support 1.4500, 1.4470 then 1.4350
Resistance 1.4567 then 1.4605
GBPUSD - Support 1.7450-60 then 1.7400
Resistance 1.7625 then 1.7725
DATA: German Industrial Production 11:00
US non-farm payrolls 13:30
Posted at: 09:11
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