Tags : NFP , SPX, Dollar , Rate Decisions
From a line chart point of view, the
NFP result is still showing a gloomy picture but has managed to
distance itself dramatically from January’s lows, as certain sectors
have shown mild improvement during the second quarter. Last’s weeks
results showed that the current recession is far from over but didn’t
indicate that the situation is getting worse. One must note that
especially towards the beginning of a new economic cycle, employment
levels can present extreme volatility, bouncing up and down, as
companies hit by the recession’s impact continue to fault, while new
ones start to employ.
In addition, if we plot some technical
analysis on the NFP chart it we can see that the figures are still
above their prior lows. It will be interesting to see whether next
month’s result will manage to present a higher-low, regaining
investor’s confidence.
Read the full article at dodjit.com
From a line chart point of view, the
NFP result is still showing a gloomy picture but has managed to
distance itself dramatically from January’s lows, as certain sectors
have shown mild improvement during the second quarter. Last’s weeks
results showed that the current recession is far from over but didn’t
indicate that the situation is getting worse. One must note that
especially towards the beginning of a new economic cycle, employment
levels can present extreme volatility, bouncing up and down, as
companies hit by the recession’s impact continue to fault, while new
ones start to employ.
In addition, if we plot some technical
analysis on the NFP chart it we can see that the figures are still
above their prior lows. It will be interesting to see whether next
month’s result will manage to present a higher-low, regaining
investor’s confidence.
Read the full article at dodjit.com
