by JustForex
The greenback demand has been recovered partially after the publication of quite optimistic data on the US labor market for August. Thus, the number of people employed in the nonfarm sector of the country counted to 1.371K, which is slightly below market expectations at 1.400K. At the same time, the unemployment rate fell to 8.4% instead of 9.8%. The growth in average hourly earnings accelerated from 0.1% (MoM) to 0.4% (MoM). At the same time, the US currency is still under pressure due to the statements by Fed Chairman Jerome Powell that the regulator plans to keep US rates at a lower level for an extended period. Currently, currency majors are consolidating.
Today, it became known that the UK government plans to issue a new law that will cancel key parts of the agreement on the country’s exit from the EU. This could lead to the fact that the conclusion of a new trade deal until the end of the agreement in December may be in question. Meanwhile, Brexit talks between UK and EU officials should continue tomorrow.
The “black gold” prices are consolidating after a sharp fall at the end of last week. At the moment, futures for the WTI crude oil are testing the $39.15 mark per barrel.
Market indicators
On Friday, there was the bearish sentiment in the US stock market: #SPY (-0.82%), #DIA (-0.55%), #QQQ (-1.33%).
On Friday, the 10-year US government bonds yield rose significantly. The figure reached 0.72-0.73%.
Free Reports:
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
No important news is expected today. Please note that volatility may be reduced due to Labor Day celebrations in Canada and the US.
by JustForex
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
- The Tech‑heavy NASDAQ Index jumped by more than 3.3%. The offshore yuan is trading at its highest level since 2023 Jul 31, 2026
- USD/JPY After Volatility: Multiple Events in One Day Jul 31, 2026
- The US indices sell off amid renewed US-Iran clashes. Oil jumps by 7% Jul 30, 2026
- USD/JPY Temporary in Equilibrium: Multiple Factors in Focus Jul 30, 2026
- GBP/USD at Month’s Lows: The Outlook Remains Weak Jul 29, 2026
- Crude oil falls below $80 per barrel. Australia sees inflation slowdown Jul 29, 2026
- The US Tech sector hit by sell‑off. Oil prices decline on renewed negotiations Jul 28, 2026
- Gold Declines, Focus on Fed and Falling Oil Prices Jul 28, 2026
- This week will be one of the most crowded for central‑bank meetings Jul 27, 2026
- EUR/USD Ahead of a Key Week: Holding Near Lows Jul 27, 2026
