The main market drivers

• JOLTS job openings (July), fact 7.217M, forecast 7.311M.

The number of open vacancies in the United States is declining for the third consecutive month, indicating the saturation of the labor market. But it is worth to note that even with a decrease in the number of open vacancies, their value remains near historical highs.

The dynamics of the US dollar and the market in general remains limited. Safe haven assets demonstrate some strengthening on the correction after the decline and growth of pessimism in the market. The US dollar index is trading in flat from 98.50 to 98.20.

Fig. The US dollar index chart. Current price – 98.40 (10-year US government bonds yield – blue line)

Read also: “How Real is the Currency Intervention in the US“

Andre Green

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