FXstreet.com (Barcelona) - U.S. markets have opened Thursday's session on strong note despite a higher than expected increase on initial jobless claims, which was offset by the decline of continuing climbs and a narrower U.S. trade deficit; in Forex markets, the Dollar remains trading in within tight ranges.
Dow Jones Industrials Index adds 0.8%, while the Nasdaq Index rises 0.5%, and the S&P Index trades 0.60% in the first hour of trading.
On the macroeconomic domain, U.S. Trade deficit narrowed in October to $32.94 billion from $35.65 revised deficit in September,against experts expectations of an increase to around $37 billion.
Furthermore, Initial jobless claims rose last week by 17,000 to 474,000 claims, more than twice the market c¡consensus of an increase by about 8,000 claims. On the other hand the four week moving average fell by 7,750 to 473,750 claims, the lowest level since September 2008.
Dollar consolidates in a low volatility session
EUR/USD has remained moving in a range from 1.4700 to 1.4760 session high during the whole day, consolidating within an ever tighter range after its pullback from last week's high at 1.5145.
GBP/USD rse during European session from 1.6215 low to halt at 1.6345 intra-day high, and the pair has eased to levels around 1.6240 at the moment of writing. On a wider perspective, the Pound remains in a range between 1.6180/90 and 1.6375.
USD/JPYbounced up from 87.75 intra-day low during Asian session to attempt to break last two day's range top at 88.40/45 which remains intact so far, with the pair moving right at 88.40.