Forex Daily Outlook – July 21 2011

(ForexCrunch)- US Unemployment claims, Ben Bernanke’s speech and US Philly Fed Manufacturing Index are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims measuring the number of Americans filing initial jobless claims dropped unexpectedly to 405,000 last week from 427,000 inthe week before. This reading was below the 413,000 expected. A small increase to 408,000 is predicted now. Read more here…