US Unemployment Claims on Tap Today
October 22nd, 2009 Posted in Daily Forex News
The pound experienced one of its most bullish trading days in recent weeks on Wednesday. The GBP made significant gains against many of its most traded currency pairs, such as the USD, EUR and JPY.
Another developing trend is the recovery of crude oil. Since the Dollar began dropping against the majors, crude has risen further and further. Currently traded around $81 a barrel, if the Dollar will continue to drop, crude oil could reach $83 a barrel by the end of the day.
8:30 GMT: GBP – British Retail Sales
- It reflects the change in the total value of sales at the retail level.
- If the results turn out to be lower than forecasts, then the GBP may record a fairly bearish session in today’s trading.
12:30 GMT: U.S Unemployment Claims
- The number of individuals who filed for unemployment insurance for the first time during the past week.
- The result of this data release may set the pace for the USD going into the today’s trading.
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Tags: British Retail Sales, dollar, Forex, forex blog, forex market, Forex Trading, GBP, Pound, Retail Sales, U.S Unemployment Claims, USD
