Continuing Jobless Claims in the United States reached 1.862 million, under the anticipated 1.87 million.

    by VT Markets
    /
    Feb 27, 2025

    Continuing jobless claims in the United States reached 1.862 million as of February 14, which is lower than the anticipated figure of 1.87 million. This decrease suggests a slight improvement in the job market.

    In currency markets, EUR/USD is testing support around 1.0400, driven by a strengthening US Dollar in light of upcoming Federal Reserve remarks. GBP/USD is currently around 1.2630, reflecting renewed demand for the Greenback.

    Gold prices are experiencing downward pressure, trading near two-week lows below $2,880 per ounce, influenced by higher yields and a stronger US Dollar. Meanwhile, Bitcoin shows some recovery, trading around $86,000 after a sharp drop earlier in the week.

    Inflation trends in February indicate a potential decrease in France, attributed to a reduction in regulated electricity prices. However, other Eurozone countries continue to see rising prices, particularly in services.

    The latest figures show that fewer people are continuing to claim unemployment benefits than expected. While the difference is small, it still hints at a steadier employment situation. A healthier job market generally feeds into stronger consumer spending, which in turn can affect central bank policy decisions.

    In foreign exchange, the Euro is struggling against the Dollar, hovering around a key level. A stronger Dollar, partly influenced by anticipation of upcoming Federal Reserve comments, is driving this move. The Pound is also under pressure, but its current level suggests there is still reasonable demand.

    Gold is coming under pressure, slipping to its lowest point in two weeks. Rising bond yields and renewed strength in the Dollar are making the metal less attractive. Investors appear to be shifting funds away from safe-haven assets, at least in the short term.

    Bitcoin, after suffering a sharp decline earlier in the week, is showing some recovery. Trading around $86,000, the cryptocurrency remains volatile, though buyers seem willing to step in at current levels. Market participants will be watching whether this bounce has momentum or if another leg lower is in store.

    Inflation data suggests prices in France may be easing slightly, helped by lower regulated electricity tariffs. However, elsewhere in the Eurozone, costs—particularly for services—are still climbing. This creates a difficult environment for monetary authorities, who must balance inflation control with the broader economic outlook.

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