U.S. Dollar Struggles to Gain Upside Momentum Despite Positive Unemployment Data
10.08.2020, 05:38

U.S. Dollar Struggles to Gain Upside Momentum Despite Positive Unemployment Data

The rally of the U.S. Dollar continues in a bear market, as we have seen a positive data on  jobs report last week. The average wages rose by 0.2% in July compared to -1.2% in June and are aiming to recover back to 0.4% as per last  September.

According to the U.S. Bureau of Labor Statistics Non - farm payrolls report showed that the U.S. economy has added over 1.76 million jobs beating expectations of 1.6 million resulting in short term recovery move of the U.S. Dollar.

The U.S. unemployment rate was at 10.2%, which is still above the 10% mark although it is lower than the previous month as it hit 13.3%. However, it is still far from the first quarter’s readings, when the unemployment rate in February recorded a 3.6% level.

The president of the United States Donald Trump has banned  two major Chinese social media companies TikTok & WeChat, and is threating to delist Chinese companies from U.S. stock exchanges unless they follow and comply with an audit standards by January 2020. A hit back is expected from China.

Although we are positive on the outlook for the U.S. Dollar that is finding a recovery despite the ongoing debate of another relief package in the U.S. Senate and Trump’s moves as he signed an executive action of a temporary payroll tax deferral for some workers and continuous unemployment benefits, the printing press and close to zero interest rates pressure the Dollar. So, we expect a downward momentum for the Greenback to return

  • Ime: Hussain Shabbir
Kote
Simbol Bid Ask Vreme
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

© 2000-2022. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финансовых рынках с маржинальными финансовыми инструментами открывает широкие возможности, и позволяет инвесторам, готовым пойти на риск, получать высокую прибыль, но при этом несет в себе потенциально высокий уровень риска получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik