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Historical negative figures waited from the US economy – 08-05-2020

News Date: 8/5/2020 04:31:55

The financial markets are waiting for the US unemployment rate and change figures, which expected to show historical negative numbers, as the forecasts show that the unemployment rate will be 16%, while the employment change expected to show 22 millions lost jobs, which might affect the US dollar and cause high volatility at the markets this after noon.

The Australian dollar recorded 24 hours before a noticeable rise after two weeks of apathy, as it did not end yesterday’s trading except after witnessing periods of fluctuation interspersed with high and low, and in the first hour of the day, the Australian dollar stabilized at the price of 0.6407, to continue further rise since Then, as this morning its price reached 0.6521, this rise rate stopped at 1.80%, compared to yesterday, which was a rise of 0.19 only.

Regarding the Reserve Bank of Australia, it recently disclosed the monetary policy statement of the meeting, during which it was announced that it would be preferable to keep the 0.25% lowest interest rate.

As for the euro, it ended yesterday’s trading at 1.0835 for every US dollar, and until now it has held steadfast at the same level and price, and fluctuations have been witnessed during it.

The Japanese yen finally impedes the downward trend that was known a few days ago, as it rose yesterday to 106.42 in the middle of the day, after it started its day by 106.26 only, but now it lies at 106.39 of course, after witnessing periods of decline and rise.

A catastrophic decline in the price of the Canadian dollar, as it became stable at 1,3944, and 24 hours ago was at 1.41.

The pound slips slightly, as the pound settles at 1,2386, which means that its price has fallen, and the rate of decline is 0.332%.

Oil, gold, and silver, as they record important values ​​and numbers to rise, the oil quickly fluctuated and its price rose in the last day. From the beginning of the day, when its price reached $ 1719.11 an ounce, while oil was never known as intermediate periods. Rather, all that was observed was a sudden drop in RU, but despite that, the price of oil increased, reaching $ 25.89 a barrel.


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