The US data regarding the number of new jobs outside agriculture did not make it into the forecast, but were similar to Wednesday's ADP reading. Interpretation of the latter is that the likelihood of interest rate hikes in the United States at the June FOMC meeting is further decreased. This suggests a weaker dollar, which will alleviate pressure for the WSE and the Polish zloty.
After about one hour after the publication, trading mostly returned to the levels preceding the data release. The impact of data was noticeable, but for now doesn't seem to be permanent. Minor exception is gold, which retained the attained highs.
U.S. Stocks open: Dow -0.33%, Nasdaq -0.38%, S&P -0.34%
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.