Weekly jobless claims fall 15,000 to 372,000

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A drop of 10,000 from the prior week.

US yields have pushed back above 2.00% in the 10-yr maturity.

EUR/USD consolidation now at 1.2830, trying to decide whether to rally on risk-on or fall on the gap in perception between moderately firmer US growth and slowing European growth amid a sovereign debt crisis.

Bottom line: Selling rallies toward 1.2860 looks to be the near-term play.


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US economy

Jamie Coleman


  1. hello do you really think USD will keep going up and will not gonna get stuck along the way with all the owing money to china,??????

  2. US owed money to China at 1.20 and 1.60 EUR/USD. How do I trade your view?

  3. lol,good one but really go easy on the comments in regards to us they are not doing that well thats all am saying,but one ting do you think euro will recover this time?

  4. It’s all relative. US is doing better than feared a month ago, Europe is doing as poorly as feared a month ago…

  5. I have a feeling that some people here believe in a rally like we have seen last year…remember that last years rally was triggered by Trichets announcement of rate hikes…I would not bet that this will happen again…. therefore, maybe we see a short squeeze – maybe – but I bet on a huge Euro weakening…


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