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Upcoming negative changes in the global financial markets - 11-05-2020

News Date: 11/5/2020 04:04:11
 

The recent economic inconsistencies caused the levels of some of the major currencies to decline, as is well known. The US labor market data came to disappoint, and in light of that concluded last week’s trading with a general increase in the unemployment rate, and as expected it had recorded a loss of 22 million jobs, distributed between The government sector, the industrial sector, the tourism sector, the education sector, and finally the construction and professions sector.

As a result, the US dollar continues to rise against the Japanese yen since the release of economic government data, and the USD / JPY pair rose this morning to 107.16, after last week’s trading closed at 106.92, and the rise of the US dollar against the Japanese yen is expected to continue .

As for the pair of the euro against the US dollar, it ended trading last Friday at the level of 1.10, to settle in the early hours of the day at 1.08, but despite that there is a possibility that there will be a decline !

In turn, the British pound broke through the 1.23 level against the US dollar, after it remained stable for a good period at 1.26.

On the other hand, the dollar fell again against the Swiss franc by 0.61%, after having settled in the last week at 0.99797, while the price is steady at 0.99718.

It is important to note that the global financial markets will be affected by some factors, which we offer as follows :

Stock market rally, security trade threats to China, US industrial production, as well as retail sales figures, GDP and GDP data.

 

For all these reasons, it is expected to be a further decline in the US dollar !

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