The US dollar recovered on Friday after the Non-Farm Payrolls came out slightly better than expected. And also today, the greenback enjoys a positive jobs report. The JOLTs job openings report for June jumped to 6.163 million, far better than around 5.7 million expected. While this is a lagging report (the NFP was for July), the Fed focuses on this report and sees it as a wider measure of employment. This is not only above the round 6 million level but also a new record high. The level of quits, seen as a sign of confidence After a quiet start to the week, this report triggers further dollar buying. EUR/USD, which was flirting around 1.18 is down to 1.1735. Some still see EUR/USD reaching 1.20. GBP/USD finally loses the 1.30 level. The pound has been on the back foot since the BOE’s relatively dovish decision. USD/JPY is on the rise once again, edging closer to 111. USD/CAD is getting closer to 1.27. Canada’s own jobs report was quite positive. However, the tables have turned against the loonie. AUD/USD, which tried climbing earlier in the day, is down under 0.79. A correction was necessary after the big dollar sell-off. Is this still a correction or a change of course? Yohay Elam Yohay Elam 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 a 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. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/USD consolidating above support: boom or bust? Yohay Elam 6 years The US dollar recovered on Friday after the Non-Farm Payrolls came out slightly better than expected. And also today, the greenback enjoys a positive jobs report. The JOLTs job openings report for June jumped to 6.163 million, far better than around 5.7 million expected. While this is a lagging report (the NFP was for July), the Fed focuses on this report and sees it as a wider measure of employment. This is not only above the round 6 million level but also a new record high. The level of quits, seen as a sign of confidence After a quiet start… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
