Breaking: US jobless claims rose 5.24 million
US weekly jobless claims 5.24 million last week, above 5.1 million forecast and remaining near record high posted in past two weeks.
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- USDJPY recovery gains pace but strong obstacles lay ahead
- Aussie likely to remain in red as banking crisis weighs on risk sentiment
- Near-term action remains directionless but bullishly aligned above key supports at 1.2200 zone
- Dollar keeps firm tone on persisting banking fears
- Oil prices fall on renewed fears of deepening crisis in banking sector
- Gold tests $2000 barrier again but continues to face strong headwinds here
- Yen advances further on increased safe-haven demand
- Euro loses ground as banking stocks collapse
- Cable loses traction after upside rejection, little help from upbeat UK retail sales
- Bank of England raises interest rates by 25 basis points on higher inflation / bank worries