{"id":156815,"date":"2019-10-04T08:15:39","date_gmt":"2019-10-04T12:15:39","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=156815"},"modified":"2019-10-04T07:40:25","modified_gmt":"2019-10-04T11:40:25","slug":"the-dollar-index-has-become-stable-us-labor-market-report-is-in-the-spotlight","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/10\/the-dollar-index-has-become-stable-us-labor-market-report-is-in-the-spotlight\/","title":{"rendered":"The Dollar Index Has Become Stable. US Labor Market Report Is in the Spotlight"},"content":{"rendered":"
October 4, 2019<\/div>
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by JustForex<\/a><\/strong><\/p>\n

The US dollar has become stable against currency majors. The dollar index (#DX) is consolidating near weekly lows. Financial market participants have taken a wait-and-see attitude before the publication of the US labor market report for September. Recent economic releases from the US were pessimistic. Experts expect mixed data: the number of people employed in the US non-farm sector will accelerate from 130,000 to 145,000; the growth in average hourly earnings will be 0.3% (m\/m) compared to the previous value of 0.4% (m\/m); the unemployment rate will remain unchanged (3.7%). We recommend paying attention to the difference between the actual and forecasted values of the indicators.<\/p>\n

In August, retail sales in Australia accelerated by 0.4%, which was below market expectations at 0.5%. Investors continue to monitor trade negotiations between the US and China, as well as the situation concerning Brexit. Donald Trump said that a delegation from China would come to the US next week to participate in trade negotiations. We also recommend paying attention to the statistics from Canada.<\/p>\n

The “black gold” prices have been recovering after a continuous fall. Currently, futures for the WTI crude oil are testing the $52.65 mark per barrel.<\/p>\n

Market Indicators<\/h2>\n

Yesterday, there were purchases in the US stock markets: #SPY (+0.82%), #DIA (+0.49%), #QQQ (+1.10%).<\/p>\n

The 10-year US government bonds yield continues to show negative dynamics. At the moment, the indicator is at the level of 1.52-1.53%.<\/p>

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The Economic News Feed for 04.10.2019:<\/div>\n