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US: Initial Jobless Claims fell to 323K

FXstreet.com (Barcelona) - According to the Labour Department, the Americans that filed in their first initial claims for regular state unemployment-insurance benefits fell by 4K last week to a seasonally adjusted 323K in the week ended May 3, below expectations at 335K and coming from 327K (revised) in the previous print.

Continuing claims, which reflect people already receiving benefits, fell by 27K to a seasonally adjusted 3.005 million in the week ended April 27 vs. 3.032 million in the previous week (revised).

Forex: USD/CAD trading at 1.0031/32 after US jobless claims

The USD/CAD has rebounded nicely outside a trough created during the European session, which effectively bottomed out at 1.0012 (intraday low). With this figure in the rearview mirror, the cross is now steadfastly rising in an attempt to pare yesterday’s losses. In these moments the cross is trading at 1.0031/32 after the dual release of North American data.
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Canada: New Housing Price index rose 0.1% MoM in March

Canadian New Housing Price index rose 0.1% on a monthly basis in March, matching estimates and down from +0.2% in the previous print. Over the last twelve months the index rose 2.0%, vs. 2.1% expected...
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