Trading news

Expert's opinion from FXFinPro

Data on the US labor market was contradictory

Today was published important macroeconomic report on the US labor market. Thus, in the US unemployment rate has remained at around 4.9%, which coincided with forecasts of analysts. The number of non-farm payrolls increased by 242 thousand vs. expected 195 thousand. The positive data has been weakened by the average hourly wage, which fell by 0.1%, against an expected increase of 0.2% in February. Positive labor market data reinforce confidence in the Federal Reserve raising interest rates this year, which will be negatively displayed on the euro price. In addition, the fall of the European currency in the near future, is possible in connection with the expectation of expanding stimulus by the ECB. Our medium-term outlook for the EUR remains negative.

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

 

Friday, 04 Mar, 2016 / 2:24

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

Source :

Trading news

 

Equities back in the meat grinder after big tech earnings

  Stocks continue to melt down as big tech results underwhelm [...]

Posted on Friday, 30 Oct, 2020 / 9:18 under

Fear of national lockdown kept the Pound under pressure – GBP/USD Market Outlook – 30/10/2020

The Cable drops for the third consecutive day towards 1.29 on chatters of UK [...]

Posted on Friday, 30 Oct, 2020 / 9:03 under

OIL weighed down by wave 2 fears and spreading lockdowns – US OIL Market Outlook – 30/10/2020

WTI Crude closed below the 200 period SMA on the daily chart, falling by more [...]

Posted on Friday, 30 Oct, 2020 / 9:01 under