Trading news

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.

More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

 

Friday, 08 Jan, 2016 / 2:53

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

Increased risk appetite weakens the U.S. Dollar, boosts stocks

The economic figures published yesterday in the U.S. are another factor [...]

Posted on Friday, 16 Apr, 2021 / 11:21 under

Yields plunge, defy logic, after blowout data, but dollar steadies

  US economy firing on all cylinders as data keeps getting [...]

Posted on Friday, 16 Apr, 2021 / 9:42 under

ING believes EUR/USD will break 1.20, and you?

What is moving the markets these days? What are the main drivers of currency [...]

Posted on Thursday, 15 Apr, 2021 / 1:24 under