fibogroup.com
FIBO Group representative
- Messages
- 683
Crisis: US Labor Market Collapse
According to the Ministry of Labor on Thursday, 281,000 people applied for benefits for the first time - 70,000 more than the week before last. The new figure is the highest for two and a half years.
=======
At first glance, it’s not a very important indicator for trading on currency pairs. However, in the current situation, this may become the next black swan. About half of those working in the United States are private businesses, whose rents account for the largest portion of business expenses. And it’s easier to close a business and then reopen without debt (this is better than paying rent in the absence of sales and movement restrictions).
=======
In the current situation, the best way out is to wait until next Thursday, there are well-founded reasons that the number of unemployed American businessmen will increase.
And these are very serious risks and maybe we will see another bottom on #EURUSD and world stock indices.
=====
Trade with the Fibo Group!
Trading Terms: https://www.fibogroup.com/analytics-and-training/analytics/?utm_campaign=forum_eng
Account Opening: https://www.fibogroup.com/#real/?utm_campaign=forum_eng
#fibogroup #forex #forexnews #economy #financial #trade #crisis #us #labormarket
According to the Ministry of Labor on Thursday, 281,000 people applied for benefits for the first time - 70,000 more than the week before last. The new figure is the highest for two and a half years.
=======
At first glance, it’s not a very important indicator for trading on currency pairs. However, in the current situation, this may become the next black swan. About half of those working in the United States are private businesses, whose rents account for the largest portion of business expenses. And it’s easier to close a business and then reopen without debt (this is better than paying rent in the absence of sales and movement restrictions).
=======
In the current situation, the best way out is to wait until next Thursday, there are well-founded reasons that the number of unemployed American businessmen will increase.
And these are very serious risks and maybe we will see another bottom on #EURUSD and world stock indices.
=====
Trade with the Fibo Group!
Trading Terms: https://www.fibogroup.com/analytics-and-training/analytics/?utm_campaign=forum_eng
Account Opening: https://www.fibogroup.com/#real/?utm_campaign=forum_eng
#fibogroup #forex #forexnews #economy #financial #trade #crisis #us #labormarket