U.S. data

• Initial jobless claims in the United States, fact 211K, forecast 215K

The number of applications for unemployment benefits in the US fell after the growth a week earlier. Of particular note is the steady downward trend, which has been observed since July of this year, this indicates the strength of the labor market and retains hopes for employment growth.

Fig. 1. Initial jobless claims in the United States

Amid positive US data, the US dollar index accelerated the growth against a basket of competitors. Maintaining optimism regarding the  trade agreement and easing trade duties, the US dollar index updated the psychological level of 98.00 and retains the potential for strengthening. Further strengthening of the American dollar will be limited by resistance levels: 98.10 and 98.20, the support marks are: 97.90 and 97.80.

Fig. 2. The US dollar index chart. Current price – 98.00 (10-year US government bonds yield – blue line)

Read also: “The trade war.
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Hanzenko Anton

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