US initial jobless claims 209,000 vs 223,426 estimate

US Initial Jobless Claims came in at 209,000, below expectations of 223K in July 5.

The Continuing Jobless Claims came in at 1.723M above forecasts of 1.685M in June 28.

The four week average was at 219.25K versus 222.5K the previous week.

EURUSD is trading lower at 1.1264 after the CPI and jobless claims data, while USDCAD trades at 1.3060 close to daily low (1.3041). AUDUSD attracting some bids sending the pair 5 pips higher at 0.6971.

Gold reacted negatively to the news and crushed for seconds down to 1,411.69 making fresh daily low,  just to rebound immediately at 1,416.Don’t miss a beat! Follow us on Twitter.