US JOLTs beats with 6.17 million – more gains for

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For the second month in a row, the number of job openings beat expectations and stands above 6 million annualized. At 6.17 million, this is a small rise in comparison to last month’s 6.12 million (revised down from 6.16 million). Expectations stood at 5.96 million.

The US dollar enjoyed a recovery this week, based on 3 other factors. It now has the support of the economic data, but bigger tests await it: the inflation and retail sales report towards the end of the week.

Can the greenback continue rising? The reaction tells a slightly different story. USD/JPY is stuck at 110 and EUR/USD remains stable. GBP/USD consolidates its gains. Has the US dollar recovery reached the limits of the recovery?

This jobs report is watched closely by the Federal Reserve, which sees it as a broad measure of the US economy. The previous publication sent the dollar higher.

Here is how the recent moves look on the dollar/yen chart. The easing of North Korean tensions certainly helped the relief rally.

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About Author

Yohay Elam – Founder, Writer and Editor
I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me.

Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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