Weekly jobless claims fall 15,000 to 372,000

Author: Jamie Coleman | Category: News

A drop of 10,000 from the prior week.

US yields have pushed back above 2.00% in the 10-yr maturity.

EUR/USD consolidation now at 1.2830, trying to decide whether to rally on risk-on or fall on the gap in perception between moderately firmer US growth and slowing European growth amid a sovereign debt crisis.

Bottom line: Selling rallies toward 1.2860 looks to be the near-term play.