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Expert's opinion from FXFinPro


Unemployment in the US totaled 5.0%

The price of euro today showed a strong increase in volatility. Earlier quotes rose against the risks associated with China, but today the strengthening of the US dollar has led to lower price of euro. In addition, statistics on the US labor market was more positive in spite of the lack of growth of average wages in America. Thus, the unemployment rate remained at 5.0%, but the number of new jobs outside the agricultural sector rose by 292 thousand compared with an expected 203 thousand. We expect a further drop in price of euro in the medium term with the closest objectives at 1.0700 and 1.0500, and recommend accumulating short positions.

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