Dollar little moved following jobless claims (Barcelona) – Despite the US jobless claims release, the US dollar remains mostly stable ahead of opening bell in NY. Following the result, the EUR/USD has gained a mere 15 pips and trades around 1.3120 where it lingers. The GBP/USD on the other hand continues to crawl back from its earlier dive, currently trading around 1.5515 as it consolidates to the upside of 1.5500. The USD/JPY for its part has dropped around 15 pips yet doesn’t seem to have enough push to break past support at 83.00.

Regarding the fundamental release, initial jobless claims rose to 409K the week ended Jan 1, compared to the revised 391K at last reading and the 400K analysts were expecting. Continuing claims on the other hand dropped nearly 50K, yet not as much as was predicted beforehand.


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