The U.S. Department of Labor has recently released a report, which says that the amount of jobless claims reached the 6-year high last week. In particular, the amount of jobless Americans applied for unemployment benefits increased by 10 thousand people up to 293 000 people for the first time in many years.
Still, it is too premature to speak about the decline of the American labor market. At the same time, analysts say that the current downtrend seen in the global market of crude oil may well trigger another wave of dismisses in the oil sector. Still, this is no the reason to expect an overall decline in the U.S. oil sector. The amount of jobless claims in general seems to be going down. The tendency shows that the amount of those who keep on getting unemployment benefits is going down.
FOREX
According to Masterforex-V Academy, the U.S. Dollar is still trading within the 100,60-97,22 price range. At this point, it is close to 99,13. The closest levels of support are the the top of the MF loping channel and MF as well as he local low of 97,22. At the same time, the historical high of 100,60 can be treated as the closest major level of resistance.
