Breaking: US weekly jobless claims surge to record high of 6.6 million
US weekly jobless claims rose nearly a double from forecast of 3.5 million, reaching record high at 6.6 million, as coronavirus crisis hurts badly US labor sector.
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- Gold is trading at six-month low after losing 3% in past four sessions
- Dollar index – partial profit-taking seen as positioning for fresh advance
- EURGBP lost ground after multiple rejection under key 200DMA barrier
- USDJPY -psychological 150 barrier under increased pressure
- EURUSD – further weakness expected after limited consolidation
- Gold extends steep fall below $1900
- Crude oil prices rise on dominating supply factor
- EURGBP in extended sideways mode and looks for fresh direction signal
- EURUSD – bears may take a breather before larger downtrend resumes
- Cable falls further, psychological 1.20 support coming in focus