Initial Jobless Claims came at 339K with the last week 355K
A lot of fast moves in the last 3 hours!
The US data was better than expected but.. the market traded with mixed sentiment. Firstly immediately after the announcement there was a sellers pressure and than again the bull strength came in place. Also the Silver market was pretty strong climbing up to 24 level. EUR/USD dropped with about 70 pips to 1.3000 after the announcement.
the jobless claims fell yesterday to a level of 340k.... but despite that the dollar weakened against the majors... moreover, new home sales of the U.S rose.... may be that bullish move was a fake one, and the majors may fell down today.... all eyes of core durable goods orders data...