The number of US initial jobless claims remained virtually unchanged for the second consecutive week, and continues to be close to a record low of four decades.
It’s a evidence to the strength of the US labor market.

Better than expected employment data in the US

179 thousand private sector jobs were added in the US in July.
Economists had forecast a more modest increase of 165 thousand jobs.
At the same time, the data for June were revised for up to an increase of 176 thousand jobs compared with catches of 172 thousand jobs which reported originally.

The US ISM Manufacturing sector fell in July to 52.6 points, compared to 53.2 in June.

UK:
The purchasing managers index for July, the first measure since the kingdom has decided to disengage from the EU pointed to 48.2 points compared with 49.1 points recorded in June, when it was the analysts’ forecasts as well.
Reading below 50 points indicates about an economic contraction.

A positive opening of the trading day on Wall Street is expected.
The Futures contracts which traded on the leading indicators are rising by 0.4%.

 

The latest UK labor market report:

UK jobless claims change for June: 0.4k compared to expectations of 3.5k
The unemployment rate was 4.9% compared to expectations of 5.0%.

The US Commerce Department said today that the US housing starts in June were up by 4.8% to an annual rate of 1.19 million homes.
This is the highest rate since February and compared with an annual rate of 1.14 million homes in May.

Two and a half hours before the opening of the trading in New York the futures contracts are going down by 0.3%.

The European stock exchanges trading takes place this morning with declines, a continuation to the negative trend in Asia earlier .
In Japan there is a high expectation that the central bank will act to weaken the Japanese yen in order to give incentive the local economy.

INTEL

Long term trade

On a weekly chart we can see that the price of the stock rose and broke above a triangle pattern as part of his rising trend.

Last week the stock ended at the price level 35.07.
The trading volumes were high and the indicators of MACD and RSI supports this trend.

For Forex traders:
Buy between the levels of : 35.00 – 35.30.
Stop loss point : 30.00.
Take profit point : 45.00.

For Binary options traders:
A call option between the levels of : 35.00 – 35.30.
Expiry time : end of the day, September 30.