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Unemployment Claims decreased, Philly Fed Manufacturing Index up

Thursday, Nov 19 2015
In the week ending November 14, the advance figure for seasonally adjusted initial claims was 271,000, a decrease of 5,000 from the previous week's unrevised level of 276,000. This was in line with market forecasts. The 4-week moving average was 270,750, an increase of 3,000 from the previous week's unrevised average of 267,750. 
 
Separate report, on Philly Fed Manufacturing Index showed that the diffusion index for current activity edged higher this month, from -4.5 to 1.9, its first positive reading in three months, and above expected incline to 0.1. The indexes for current new orders and shipments approached zero this month, increasing 7 points and 4 points, respectively. Both indexes remained negative, however, suggesting continued weakness.
 
Euro is currently being traded few points below 1.0660 level, Sterling is around 1.5260 handle, while Aussie is above 0.7150 area. 
More in this category: « Eurozone Current Account recorded a surplus of €29.4 billion Aussie testing 0.72 handle as a resistance »

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