- Prior was 208K (revised to 207K)
- 4 week moving average of initial jobless claim 210.75K vs 210.0K last week
- Continuing claims 1,821M vs 1.820M expected
- Prior week 1.809M (revised from 1.818M)
The data continues to show steady – no hire/no fire? – employment trends.
Looking at the continuing claims, the advance number for seasonally adjusted insured unemployment during the
week ending April 11 came in at 1,821,000, an increase of 12,000 from the previous week’s revised level. The previous week’s
level was revised down by 9,000 from 1,818,000 to 1,809,000.
The 4-week moving average was 1,812,250, an increase
of 1,250 from the previous week’s revised average. The previous week’s average was revised down by 2,250 from
1,813,250 to 1,811,000.
On the state side, the largest increases in initial claims for the week ending April 11 were in New York (+8,145), Connecticut (+1,747),
Georgia (+1,288), Virginia (+1,227), and Texas (+1,074), while the largest decreases were in Oregon (-3,773), Illinois
(-2,112), Maryland (-910), New Jersey (-864), and Ohio (-492).
Taking a look at the EURUSD, it fell back below the 100 day MA earlier today, but has not been able to crack below the 38.2% of the move up from the March low with conviction nor the 200 day MA at 1.16739 up to 1.1681. A move below those levels is needed to increase the bearish bias. The 100 day MA remains a close resistance level as the battle of the 100/200 day MA rages. PS you can add a broken trend line in the mix between the 100 and 200 day MA levels.
