Data on open vacancies in the US
- JOLTS job openings (Apr), fact 7,449M, forecast 7,479M.
Data on open vacancies in the US labor market in April showed a slowdown, confirming the weakness of the US labor market and indicating the dynamics of market saturation. A negative aspect of the published data is the revised values for the previous period downward. The overall dynamics of this indicator shows a decrease in growth rates.
Fig. 1. US JOLTS job openings chart
The US dollar index did not actually respond to the published data, since all the negative on employment was taken into account by the market on Friday. The US dollar index continues to trade with a strengthening on the correction against the Friday decline, limited to the downward trend and the level of 97.00, from which a reversal is expected. Support levels are located at the levels: 96.70 and 96.50.
Fig. 2. The US dollar index chart. The current price is 97.80 (10-year US government bonds yield is the blue line)
Read also: “Emerging markets and their prospects:
Chinese yuan (CNH or CNY) “
Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- Cryptocurrency market. What is happening now and what to expect
- The main reasons for the weakening of the US dollar. Fed’s rates cut
- Should we expect the currency intervention from the Bank of Japan?
Current Investment ideas:
- Where else, if not on the banking sector! Earn with an investment idea from an Ester company’s expert!
- The best software for earnings on the technology giant’s Microsoft shares is inside! Connect!
- Hewlett-Packard shares are ready to close the gap, and we are ready to close the profits!
- Several reasons to buy Walmart shares. Use the chance to earn!