Royalmaxbrokers: Traffic Will Be

According to RoyalMaxBrokers, on Monday, June 4, the financial market was an inertial field in which virtually all risky assets, which received a significant portion of the acceleration at Friday's unemployment, continued to squander their directed energy. Statistics from the US labor market did not meet the expectations of the most optimistic analysts.

According to RoyalMaxBrokers, the actual data on the number of jobs without taking into account employed in the agricultural sector turned out to be worse than expected, 69 thousand against the forecast of 150 thousand. According to this release, the US economy does not recover as quickly as expected. A natural reaction to this was that the dollar for some time lost its former attractiveness. Thus, the whole trading day for the European currency became the consolidation of the positive result of the previous trading session. The opening price is at the level of 1.2417, closing is 1.2499. Given that the daily high was even higher, we can state that Monday, its volatility actually made a double Friday session. By the way, this movement was more than predictable. The candle formation, formed on Friday, at least from the point of view of technical analysis, said that the upward movement could continue. So it happened. Monday was closed by a fairly confident green candle.

The British pound showed little volatility. RoyalMaxBrokers explains this by saying that on June 4 and 5, the diamond anniversary of the Queen's reign is celebrated in England, so a certain number of investors are absent. In general, the bullish mood prevailed in the market. The opening price of the trading session is at the level of 1.5361, the closing price is slightly higher - 1, 5381.

RoyalMaxBrokers allocates the Australian dollar, which stayed in anticipation of a powerful fundamental background associated with the possibility of lowering the interest rate. The financial problems of the euro area and the slowdown in the growth of the Chinese economy can force the Reserve Bank of Australia to lower the rate by another 0.25%. Such a decision should weaken the positions of the national currency. But there are also possible surprises, it is no coincidence that the publication of the rate was postponed for several hours. Thus, after the opening of the trading session, the pair AUD / USD hit a daily low of 0.9626. But here the closing price is higher almost by 100 points, apparently the overall market sentiment turned out to be stronger.

The pair USD / JPY marked the day with a small strengthening of the dollar. The closing price is at the level of 78.33. It is too early to say that a downtrend may change in the very near future. The "Japanese" has a fairly serious level, 76 yen for one American dollar, which he reached before. Perhaps this goal is driving the currency even now.