The other major releases from the U.S. that forex traders are advised to follow are the TIC Long-Term Purchases, Core PPI and Industrial Production.

Summary

USD - Dollar Tumbles on All Fronts

EUR - GBP Climbs as Optimism Kicks In

JPY - Yen Soars against the Dollar

OIL - Crude Oil Rises by Most in 6 Weeks

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The U.S. Unemployment Claims is the primary publication today that is set to determine the level of the USD when it is released at 13:30 GMT. The other main releases that are set to dominate forex trading, especially for currencies such as the Dollar and EUR is the publication of the Industrial Production from the Euro-Zone at 10:00 GMT and Crude Oil Inventories at 16:00 GMT. Traders may find good opportunities to enter the market following these vital announcements.

Summary

USD - Unemployment Claims Report on Tap - Will USD Weakness Continue?

EUR - EUR Strengthens as GBP Sinks

JPY - Yen Declines as Stock Market Rallies

Crude Oil - Traders Await Crude Oil Inventories Report

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