Some positive jobs data from the US: job openings are on the rise to 5.788 in May after a downwards revised 5.67 million in March. This is a lagging figure, but still an important one for the Fed.
The level of quits remains at 2% and an annualized figure of 2.9 million. The number of people leaving their jobs reflect the confidence in starting a new job and is often accompanied with a pay rise.
The US dollar seems to stop its bleeding, but it isn’t really rallying.
The US JOLTs report was expected to stand at 5.672 million job openings in April after 5.757 in March (before revisions). The Non-Farm Payrolls report for April was weak and for May it was even worse.
The US dollar was weakening ahead of the publication, an extension of the misery that was the result of Friday’s jobs report as well as Yellen’s lack of any real hawkishness on Monday.
Here is how things look on the EUR/USD chart. Resistance awaits at 1.1410 and 1.1460. Support awaits at 1.1335 and 1.1250.
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