US initial jobless claims 219K vs 230K estimate

• Prior week initial jobless claims 230K revised to 231K
• Prior week continuing claims 1.850M revised to 1.843M
• Initial jobless claims comes in strong and expected at 219K versus 230K estimate. Smallest sincethird week in May when it was at 216K
• The 4-week moving average was 227,5K a decrease of 3,500 from the previous week’s revised average. The
  previous week’s average was revised up by 250 from 230.75K to 231.0K
• Continuing claims 1.829M vs 1.854M estimat
• The 4-week moving
  average was 1,844,250, a decrease of 6,500 from the previous week’s revised average

The numbers continue to show strength from these numbers.

The 10 year yield is now up 6.8 basis points. The two year yield is up 1.6 basis points. It was in at the start of the US session.

Looking at the premarket for US stocks:

• Dow up 457 points
• S&P index was 86.75 points
• NASDAQ index up 411 points

This article was written by Greg Michalowski at www.forexlive.com.