Analysis of trading on Erste News - Ester Holdings

Analysis of trading on Erste News

In the week from June 3 to 7, Erste News was trading on a series of data.

On June 5, trading on the data for Australia and the USA took place:

Australian GDP data (AU GDP) on a quarterly basis slowed down more significantly than was predicted, reinforcing the market’s expectation of a slowdown in the Australian economy, which remains in recession after the RBA rate has decreased. The upward trend in the pair of the Australian dollar, the US dollar refracted and indicated the formation of a correction for this pair after prolonged growth.

Also on Wednesday, June 5, trades were held on the news on the change in the number of people employed in the non-farm sector from US ADP (US ADP Nonfarm Employment Change). Thus, the rate of change in the number of people employed in the non-farm sector from the US ADP has declined significantly, indicating a slowdown in the US housing market, since these statistics are considered preliminary, and the American decline has been limited.

On June 7, trading in Erste News took place on the publication of data on employment in the United States.

The data were significantly worse than forecasts and worse than previously published data from ADP. As a result, the US currency accelerated the decline against the entire spectrum of the market, updating monthly lows. Employment data actually increased the likelihood of rates cut from the US Federal Reserve. But the decline in the US dollar was limited by total oversold.

Hanzenko Anton

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