US unemployment rate drops, but jobs drop too
Nonfarm Payrolls Friday reports were not so good. The unemployment rate fell by a record of 3.5%, but the number of jobs created was less than forecast. Traders fear the serious consequences of a trade war between the US and China and expect the outcome of negotiations this week.
China and Hong Kong celebrate national holidays.
20:00 (GMT+3) in the United States will speak the head of the Federal Reserve System (FRS), Jerome Powell.
Oil. On Monday, oil is up 0.3%. In the morning, WTI crude oil is $53.1. Brent futures are trading near $58.6.
Gold. Shielding metal is getting a little cheaper on Monday. On the morning of October 7, gold is trading near $1,501.
Currency. DXY Dollar Index Strengthens Monday On the morning of October 7, the DXY is 98.9 against a basket of major currencies.
On October 7, the dollar is getting cheaper against the yen. In the morning, the pair USD/JPY is trading at 106.8.
The euro (EUR) is adjusted by -0.1% against the dollar. In the morning, the EUR/USD pair is trading near 1.0964.
Pound sterling (GBP) is getting cheaper by -0.3%. On October 7, the GBP/USD pair is trading around 1.2292.
Cryptocurrency. Bitcoin (BTC) is up 0.4%. On October 7, BTC is trading around $8,121. In the morning, Ethereum (ETH) is up 1.3% and is trading near $172.5. The price of Litecoin (LTC) is $55.1.
(Interval one day)
Important. This article does not contain any calls for transactions or trading recommendations. Traders are responsible for their decisions. The judgments presented here are the personal opinions of the author.