Markets were buyouts on Thursday on hopes that the US administration may postpone the date for the introduction of tariffs. #SPX grew 3.9% this week after soft start.

Another positive factor was speculation about Central Bank's easing soon.

#Gold and #EURUSD had unsuccessfully tried to hit above $1340 and 1.1300 respectively.

Chart of the day: #NFP
The expected growth by 180K is under question after very weak ADP data but ISM and Unemployment claims report did not confirm the ADP's drop.

Read more in the FxPro market review.

The U.S. #NFP data show job growth by 75K in May. Much worse than expected 180K #USD fell under pressure in the first minutes after the publication. #EURUSD jumped from 1.1268 to 1.1316

Three reasons behind USD decline

Softer Fed's policy, strong #nfp's and trade talks optimism pushes markets higher and pressured USD

The figures released on Friday markedly reduced concerns about the health of the US economy

All this was in addition to the Fed’s rates cut and massive ($60bln) short-term assets purchases on the balance sheet.

https://fxpro.news/daily-forex-outlook/three-reasons-for-the-further-usd-decline-20191104/

#NFP #EconomicReview

▫️The US economy added 114K jobs in July;

▫️Wage growth also missed expectations;

▫️Unemployment rate rose from 4.1% to 4.3%;

▫️Markets access chances of more than 3 rate cuts in 2024;

▫️Untypically, US Dollar weakens along with stocks.

Read more