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US unemployment claims fall for the week ending December 18

FXStreet (Mumbai) - US unemployment claims for the week ending December 18 fell to 267k, lower than 271k registered previously. It also came in lower than market expectations. Continuous claims for week ending December 11 also dropped to 2.195 million, lower than the earlier reading of 2.238 million.

Seasonally adjusted initial claims was 267,000, a decrease of 5,000 from the previous week's revised level. The 4-week moving average was 272,500, an increase of 1,750 from the previous week's revised average. There were no special factors impacting this week's initial claims.

EUR/USD: Bullish move stalling near 38.2% Fibo

FXStreet (Mumbai) - The uptick in the EUR/USD ran out of steam as it neared 1.0974 (38.2% of Aug high-Dec low), but remains comfortably in the positiv
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Decline in loan demand from energy companies likely to hit US banks

The oil price plunged on Monday to hit 11 year low. Oil price fell 2 per cent and dropped to $36.05. The slump in oil price in the last one year is largely the result of an over-supply sparked by OPEC’s market strategy. This slump has hurt major economies of the world. To begin with lower oil prices have hindered inflation growth in many countries causing the central banks to keep interest rates at record low levels. The central banks’ objective is to spur demand and in the process raise prices. However, in the process savings has been hurt. Investors started moving towards more volatile stock markets in hope of getting better returns on their investment.
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