State of the market. JOLTS job openings.

•  JOLTS job openings (July), fact 6,939M, forecast 6,646M.

Open vacancies in the US continue to grow and remain near the seventeen-year high. Of course, this is a positive signal for the US currency. At the same time, the upward dynamics of the US dollar index is limited by the positive launch of American stock exchanges and attempts to grow optimism in the market, which are the main limiting factor for the American dollar.

The US dollar index actually broke off from the resistance level 95.30 and opened the way to support levels of 95.10-00 and indicates the formation of a lateral movement for the dollar. The resumption of negative sentiment in the market and the decline in US stock indices will support the American dollar.

The US dollar index chart. The current price is 95.20 (10-year government bonds yield is a blue line)

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Dani Levitan

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