The news release Thu, 14 Mar 2013 08:30 USD Initial jobless claims COST ME USD400+. Can someone explain to me why. I managed to win back USD300 over the non farm payroll last friday. Now its all noughts. The initial jobless claims was better (lower) than expected, but yet the stupid EUR soared through the roof. What happened? Can someone please tell me? I need to win back the money. Is there a reason why and is there some website that can warn which release can have this kind of ironic effect?
why is nobody answering? help pls, someone?
The U.S is considered as the biggest economy in the world. So, when the U.S is doing well, it gives a perception that a recovery might be in place. This may lead to a ‘risk-on’ sentiment, which is why sometimes you see risk currencies rallying after a good U.S economic number release.
The better-than-expected figure on the U.S jobless claims for the third time in a row may give a perception that a recovery in the U.S labour market might be in place, which is why Euro rallied.