New unemployment insurance claims in the US fell to 220,000 for the week ending March 8, slightly below expectations and down from the previous week's revised figure of 222,000 (originally 221,000). The insured unemployment rate remained steady at 1.2%, while the four-week moving average edged up by 1,500 to 226,000.
Meanwhile, continuing jobless claims dropped by 27,000 to 1.87 million for the week ending March 1.
Key Support and Resistance Levels
Resistance Level 19970
Resistance Level 2: 20300
Resistance Level 3: 20660
Support Level 1: 19124
Support Level 2: 18730
Support Level 3: 18220
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Meanwhile, continuing jobless claims dropped by 27,000 to 1.87 million for the week ending March 1.
Key Support and Resistance Levels
Resistance Level 19970
Resistance Level 2: 20300
Resistance Level 3: 20660
Support Level 1: 19124
Support Level 2: 18730
Support Level 3: 18220
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.