US companies significantly increased their workforce in January. According to the labor market provider Automatic Data Processing Inc (ADP), compared with the previous month, 291,000 jobs were created, which is 2 times more than the forecast (159,000 people).
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The US dollar reacts extremely unpredictably:
In relation to major currencies, it is stronger than ever. Most likely, this is a reaction to the growing signs of the readiness of foreign Central Banks of the world to lower rates (if necessary to maintain economies in the face of the epidemic).
In relation to the Australian dollar, the “American” on the contrary, has significantly weakened, thereby demonstrating a strong imbalance in the capital market.
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In any case, the situation with coronavirus puts pressure on the markets, the Central Bank of the world is ready to launch printing presses to keep the economy afloat.
So far, only one thing can be said - this week we will not see active actions. We interpret market signals without paranoia:
- stock indices are rising,
- business activity indices indicate the recovery of the economies of Great Britain and the Eurozone,
- The number of people employed in the USA has grown significantly.
We are waiting for confirmation of the data on Friday and continue to earn in the US dollar.
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Find out more: https://www.facebook.com/pg/FIBOGroup.Global/posts/?ref=page_internal
#fibogroup #forex #forexbroker #forexnews #forexanalysis #economics #economiccalendar #financing #treder #dollar #news #recentnews #forexforecast
=======
The US dollar reacts extremely unpredictably:
In relation to major currencies, it is stronger than ever. Most likely, this is a reaction to the growing signs of the readiness of foreign Central Banks of the world to lower rates (if necessary to maintain economies in the face of the epidemic).
In relation to the Australian dollar, the “American” on the contrary, has significantly weakened, thereby demonstrating a strong imbalance in the capital market.
=======
In any case, the situation with coronavirus puts pressure on the markets, the Central Bank of the world is ready to launch printing presses to keep the economy afloat.
So far, only one thing can be said - this week we will not see active actions. We interpret market signals without paranoia:
- stock indices are rising,
- business activity indices indicate the recovery of the economies of Great Britain and the Eurozone,
- The number of people employed in the USA has grown significantly.
We are waiting for confirmation of the data on Friday and continue to earn in the US dollar.
=======
Find out more: https://www.facebook.com/pg/FIBOGroup.Global/posts/?ref=page_internal
#fibogroup #forex #forexbroker #forexnews #forexanalysis #economics #economiccalendar #financing #treder #dollar #news #recentnews #forexforecast