USD continues to gain on its value supported by recent US data which 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, though Fed officials are still not hinting at any particular date.
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.
As for tomorrow we cannot expect any large movements, with trading within 30 points as it is Boxing Day, there will be no data releases and there will be lack of volatility at the markets with banks being closed and traders also enjoying holiday season.
Last modified on Thursday, 25 December 2014
