U.S. employment data
- Initial jobless claims, fact 213K, forecast 219K.
- Philadelphia Fed index of manufacturing activity (Jan), fact 17.0, forecast 9.7.
- Philadelphia Fed employment index (January), fact 9.6, previous value 19.1.
The US dollar received support after the publication of very optimistic statistics on employment in the US for January and data on production activity. Thus, the published statistics has improved markedly in comparison with the previous period, despite the preservation of negative dynamics.
Fig. 1. Philadelphia Fed manufacturing activity index chart
The US dollar index received a support on the positive data and the growth of pessimism in the stock markets, thereby resuming strengthening against the basket of competitors. The dollar index continues to be limited by resistance levels: 96.20 and 96.50.
Fig. 2. The US dollar index chart. The current price is 96.10 (10-year government bonds yield is the blue line)
Read also: “The Euro index as an auxiliary indicator”
Andre Green
Earn with the help of the trade service on the news Erste News!
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