Job openings in the US

• JOLTS job openings  (May), fact 7,323M, forecast 7,470M.

The number of open positions in the United States fell for the second consecutive month. This reinforced concerns about the US labor market. But since the published employment data in the United States turned out to be more positive, thanks to the growth of new jobs, the negative impact on the American dollar will be limited.

Fig. 1. JOLTS job openings in the USA

The dynamics of the US dollar and the market in general is aimed at reducing the American dollar, after rising in the morning. The pressure on the dollar comes from the reduction of pessimism. The US dollar index maintains an upward trend, limited to resistance levels: 97.50-60 and support levels: 97.30-20.

Fig. 2. The US dollar index chart. The current price is 97.40 (10-year US government bonds yield is the blue line)

Read also: “Cycles Theory  in the FOREX market. Briefly about everything”

Hanzenko Anton

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