US: Initial Jobless Claims increased more than estimated last week

Initial Jobless Claims rose by 243K vs. the previous week.
Continuing Jobless Claims rose by nearly 1.870M.

US citizens that applied for unemployment insurance benefits increased by 243K in the week ending July 13 according to the US Department of Labor (DoL) on Thursday. The prints came in above initial estimates (230K) and were higher than the previous weekly gain of 223K (revised from 239K).

In addition, Continuing Claims decreased by 20K to 1.867M in the week ended July 6.

Jul 18, 2024

Canada Employment Insurance Beneficiaries Change (MoM): 1.9% (May) vs -2.8%

EUR/JPY steadies as ECB’s hold rates, traders eye Lagarde’s presser

The EUR/JPY remains at familiar levels after the European Central Bank decided to keep interest rates unchanged, with its deposit rate at 3.75% as expected, and would stick to its meeting-by-meeting approach, failing to provide an interest rate path.