08.07.2016 - Unemployment in the US rose to 4.9%

Today was published an important labor market statistics for June, which has led to increased volatility in the currency market. Thus, the dollar strengthened after the data according to which the number of non-farm payrolls increased by 287 thousand against the forecast of 175 thousand and 11 thousand in the previous month. The unemployment rate rose by 0.2% to 4.9%. The probability of the Fed raising interest rates at the end of the month is very low, but the negative impact of the British referendum will continue to put pressure on the euro in the near future. We forecast a drop in Europeans currency in the medium term with the closest targets at 1.0850 and 1.0700.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.