Aussie remains on the downside, with RBA opting for Aussie around 0.75 level, meaning there is still a lot of room for a downtrend. On the other side, recent US data indicates stability and constant raise in labour market, while GDP for the third quarter showed 5% growth, much above forecasted incline. This also points out that Fed could be raising interest rates soon, perhaps even in the first quarter of 2015.
In the US session Unemployment Claims figures were released. In the week ending December 20, the advance figure for seasonally adjusted initial claims was 280,000, a decrease of 9,000 from the previous week's unrevised level of 289,000. Analysts were anticipating increase to 291,000.The 4-week moving average was 290,250, a decrease of 8,500 from the previous week's unrevised average of 298,750.
Similar to yesterday's less volatile session we can expect that this is going to be scenario we are about to witness tomorrow as holiday season has began, and with it traders should be less active.
Last modified on Thursday, 25 December 2014
