Article By RoboForex.com
EURUSD is stable after Friday’s statistics on the US labour market.
The major currency pair is looking neutral early in the week. The current quote for the instrument is 1.1863.
The Unemployment Rate in the USA dropped to 5.2% in August, the same as expected, after being 5.4% in the previous month. The Average Hourly Earnings added 0.6% m/m after expanding by 0.4% m/m in July and against the expected reading of 0.3% m/m.
The Non-Farm Employment Change showed 235K, which is significantly worse than the expected reading of 720K. The July reading was revised upwards and showed 1.053M.
The demand for service dropped in August due to an increasing spread of the coronavirus disease and it influenced the number of new jobs. At the same time, the impulse on the labour market was strong enough to support the average growth in the country.
Free Reports:
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.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Some experts are sure that the employee pool might increase after schools and other educational facilities get back to their normal life. However, the existence of the delta strain and the speed at which it is spreading may prevent some categories of unemployed from getting back to work.
Of course, the global pandemic made the US labour market situation significantly change. It does not necessarily mean that weak numbers will make the US Federal Reserve System revise its plans relating to the reduction of the QE program this year. However, never say never.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- Oil prices remain volatile. The Reserve Bank of Australia signals further rate hikes May 19, 2026
- Gold Recovers Some Losses: What’s Driving the Market? May 19, 2026
- Economic activity in China is slowing. Silver has fallen by more than 8% May 18, 2026
- USD/JPY Rises for Sixth Straight Day: Yen Back on the Cusp of Intervention May 18, 2026
- Optimism surrounding the US-China summit in Beijing supported the markets May 15, 2026
- Gold Falls on US Inflation Concerns as Week Ends in Losses May 15, 2026
- The oil market may remain in a state of severe supply shortage until autumn May 14, 2026
- GBP/USD Under Policy Pressure: What Lies Ahead for the Prime Minister? May 14, 2026
- European stock markets declined amid rising concerns about an energy crisis May 13, 2026
- USD/JPY Continues to Climb Amid External and Domestic Pressures May 13, 2026
