Categories: Market Overview

USD jumped after a strong employment report

Nonfarm Payrolls came out to be unexpectedly strong. In June, there were created 224K new jobs, against the expected 160K, eliminating fears of a sharp economy cooling. Strong data have triggered the immediate dollar purchases, strengthening it at 0.3% in less than 15 minutes, as market participants began to overestimate the chances of aggressive Fed policy easing this year.

Earlier today, the FxPro analysts warned that market expectations were too dark, and the published data could trigger a wave of the USD purchases.

The US stock indices came under pressure due to a reduction in hopes for the Fed stimulus. Stock markets have responded to data in “the worse, the better” trading style. Therefore, strong performance can trigger a long wave of stock indices correction, including SPX and DJI which recently touched the important round levels at their historic highs.

The FxPro Analyst Team

AddThis Website Tools
The FxPro Analyst Team

Our team consists of financial market experts. Our dedicated professionals prepare reviews on the foreign exchange market situation, Crude Oil, Gold and Stock Indices. All the analysts are regularly published in the world leading economic media.

Share
Published by
The FxPro Analyst Team

Recent Posts

Apple Wave Analysis – 20 March 2025

Apple: ⬇️ Sell - Apple reversed from resistance level 220.00 - Likely to fall to…

4 hours ago

IBM Wave Analysis – 20 March 2025

IBM: ⬆️ Buy - IBM reversed from support zone - Likely to rise to resistance…

4 hours ago

AUDNZD Wave Analysis – 20 March 2025

AUDNZD: ⬆️ Buy - AUDNZD reversed from key support level 1.0930 - Likely to rise…

6 hours ago

EURCAD Wave Analysis – 20 March 2025

EURCAD: ⬇️ Sell - EURCAD reversed from the resistance zone - Likely to fall to…

6 hours ago

Crypto Market Testing Resistance

The crypto market has increased by over 5% and is nearing the $2.9 trillion. The…

11 hours ago

Gold Wave Analysis – 19 March 2025

Gold: ⬆️ Buy - Gold continues daily uptrend - Likely to rise to resistance level…

1 day ago