US employment data shakes the markets

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The United States Bureau of Labor Statistics has published the monthly US employment data sets. Employment situation in the United States is much better than expected.

US Dollar reacted to the news by jumping, as the Dollar index immediately moved from 104.05 up to 104.60.

Average hourly earnings were expected to increase by 0.3% on a month to month basis. Actual salary increases were 0.4%.

Non-farm Employment Change was forecast to show a reading of 182,000. The US economy actually created 272,000 jobs.

The official Unemployment Rate in the opinion of economists was set to remain at 3.9%. However, the official rate is 4.0%, despite the new jobs created.

Back to articles

Actual Topics

Mon, 01 Jul 2024 14:06:25 GMT

US ISM Manufacturing PMI is worse than expected

The United States Institute for Supply Management has published its Purchasing Managers Index survey results. Results are worse than expected, which is causing a decline of the US Dollar. Markets expected the results to show a reading of 49.2 that would indicate a decline in the sector. A reading above 50 indicates growth, but a reading below 50 shows decreasing

Thu, 06 Jun 2024 12:26:00 GMT

European Central Bank cuts interest rates

For the first time in five years, the ECB has reduced its Main Refinancing Rate. The rate has been cut from 4.50% down to 4.25%. This rate cut was expected, as ECB policymakers had kept talking about it to the media since the start of the year. The Euro reacted to the news by surging, despite lower rates meaning lower

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.