A Report on the US Labor Market Is in the Focus of Attention

The US dollar is being traded near highs over the past one and a half month. The US dollar index (#DX) is consolidating. Yesterday, the index closed unchanged (0.00%). Investors took a wait-and-see attitude before publication of important economic data on the US labor market. Experts expect that in September, the number of people employed in the US non-farm sector will slow down to 185,000. The unemployment rate will fall from 3.9% to 3.8%. The growth of the average hourly wage will count to 0.3%. We recommend paying attention to the difference between the actual and forecasted values.

Yesterday, the Ivey purchasing managers' index for September was published in Canada, which dropped to 50.4 and turned out to be worse than the forecasted value of 62.3. Today, during the Asian trading session, data on the volume of retail sales have been published in Australia. In August, the indicator increased by 0.3%, as investors expected.

The "black gold" prices have started recovering after a sharp decline during yesterday's trading session. At the moment, futures for the WTI crude oil are testing a mark of $74.85 per barrel.

Market Indicators

Yesterday, the aggressive sales were observed in the US stock market: #SPY (-0.87%), #DIA (-0.63%), #QQQ (-1.92%).

At the moment, the 10-year US government bonds yield is at the level 3.20-3.21%.

The news feed on 2018.10.05:

- Reports on the US labor market at 15:30 (GMT+3:00);
- Employment change in Canada at 15:30 (GMT+3:00).

by JustForex, 2018.10.05

We advise you to get acquainted with the daily forecasts for the major currency pairs.

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.

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