Jobless claims +20,800, better than median forecast of +24,500. claimant count rate 5.0%, better than median forecast of 5.1% and ILO unemployment rate 7.9%, better than median forecast of 8.0%.
Cable has seen nice relief rally, presently up at 1.5980 from around 1.5945 post release. Obviously 1.6000 looms now as the next test for the cable bulls. Probably stops parked just above.
