PREVIOUS TRADING DAY EVENTS 24 August 2023

According to the U.S. Unemployment Claims Report, the number of Americans filing new claims was reported lower than expected at 230K. The figures were lower for a second straight week.

This is against the economists expectations of a downturn in the labour market since the Fed began increasing rates in March 2022. The anticipated shock, however, hasnt arrived, and the labour market is continuing to defy expectations.

What a difference six months makes. Jobless claims were flashing yellow and red lights about the pace of expansion in the winter and spring, but are back to green this summer, Bill Adams, chief economist at Comerica Bank, said in a statement.

A separate report showed a rise in new orders for key U.S.manufactured capital goods in July, suggesting business spending on equipment could continue to grow.

In general, we have a combined slowdown in inflation and a relatively resilient job market.

Source httpswww.reuters.comworldususjoblessclaimsfalllabormarketremainstight20230824

Winners vs Losers

XAGUSD Silver moved to the top this week gaining remarkable gains, 5.98 so far. 
USDCAD is still leading this month with 3.06 gains.

News Reports Monitor Previous Trading Day 24 August 2023

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Midnight Night Session Asian

No important news announcements, no special scheduled releases

MorningDay Session European and N. American Session

Unemployment claims for…