On reviews RoyalMaxBrokers, on Monday, June 4 financial market represents inertial field in which virtually all risky assets was significant portion of the acceleration in the Friday unemployment continued to spend its directed energy.Statistics from the US labor market did not meet the expectations of the most optimistic analysts.
According RoyalMaxBrokers, actual data on the number of jobs, excluding those employed in the agricultural sector were worse than expected, 69 th. Against the forecast of 150 thousand. In fact this release should be that the US economy recovers is not as fast as expected.The natural reaction to this was that the dollar at a time lost its former appeal.Thus, the entire trading day for the European currency began to consolidate the positive results of last trading session.The opening price is at 1.2417, closure - 1.2499.Given that the daily maximum was even higher, we can say that Monday its volatility actually did take the Friday session.Incidentally, this motion was more than predictable.Candlestick formation, formed on Friday, at least from the point of view of technical analysis, said that the upward movement may continue.And so it happened.Monday was closed pretty sure a green candle.
British pound showed little volatility. RoyalMaxBrokers explains this by the fact that 4 and 5 June in England celebrated Diamond Jubilee of Queen, therefore the definition of the investors absent.Overall, the market was dominated by the bullish tone.The opening price of the trading session at the level of 1.5361, the closing price is slightly higher - 1, 5381.
RoyalMaxBrokers highlights the Australian dollar, which was in anticipation of a strong fundamental background associated with the possibility of lowering the interest rate.The financial problems of the eurozone and the slowdown in the Chinese economy could force the Reserve Bank of Australia to lower the rate by another 0.25%.Such a decision should weaken the position of the national currency.But there are surprises, and not coincidentally the time of publication rates was delayed for several hours.Thus, after the opening of the trading session, AUD / USD pair reached a daily low at 0.9626.But the closing price is higher by nearly 100 points, the overall market sentiment apparently was stronger.
USD / JPY has noted with a slight strengthening of the dollar.The closing price is at the level of 78.33.It's still early to say that the downward trend may change in the near future.The "Japanese" have a pretty serious level of 76 yen per US dollar, which it reached in the past.Perhaps, this goal is driven by currency now.
