Data for USA and Canada

• JOLTS job openings in the USA (mar), fact 7.488M, forecast 7.350M.
• Ivey Business Index (PMI)  in Canada (Apr), fact 55.9, forecast 51.5.

The number of open vacancies in the JOLTS labor market in the US has increased, but has receded from historic highs, confirming the strong state of the US labor market.

Fig. 1. JOLTS job openings chart in the USA

Data on business activity in Canada continues to grow for the second month in a row, but show a very restrained dynamics and correspond to the average value for the last two years.

Fig. 2. Graph of business activity index (PMI) Ivey in Canada

The market reacted very restraint to these statistics, remaining in the grip of sentiment. The US dollar index continues to maintain an upward trend, limited to overbought and resistance 97.70. Support is located on the marks: 97.60 and 97.50.

Fig. 3. The US dollar index chart. The current price is 97.70 (10-year government bonds yield is the blue line)

Read also: “Trump presidency results”

Hanzenko Anton

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Earn with the help of the trade service on the news Erste News!

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