Initial Jobless Claims comes in at 206K against 216K consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
Initial Jobless Claims in the United States came in at 206K for the latest reporting period. This figure was below the consensus expectation of 216K, representing a surprise of -1.0% against the forecast. The previous week’s reading was also 206K.
Following the release, market reactions across major currency pairs and gold have been relatively subdued in the initial 15 minutes. EURUSD moved +0.1 pips, while AUDUSD moved -1.9 pips. GBPUSD saw a -1.8 pip movement, and NZDUSD moved -0.1 pips. USDCAD moved -1.8 pips, USDCHF moved -1.4 pips, and USDJPY moved -0.3 pips. Gold, XAUUSD, moved -60 pips. For context, typical median 1-hour moves for these pairs range from 8 to 13 pips, with XAUUSD typically seeing a median 1-hour move of 29 pips. The observed movements for most pairs are smaller than their respective median 1-hour moves after past releases.