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09.03.2020 Brent Oil Analysis

09.

Yazar: Zack Smith

Yayınlanma: 10 Mart 2020 01:07

Güncellenme: 6 Kasım 2024 20:03

09.03.2020 USD/CAD Analysis

  USD/CAD went up with 200 pips and it is trading on 1.3623 On Friday the US unemployment rate event which measures the percentage total unemployed workforce that is unemployed and actively seeking for employment during previous month announced that the rate of unemployed people went down from 3.6% to 3.5%  and this is good for the currency because it shows that there were many jobs that were created and if the jobs that were created are more it means that there is now more spending by consumers which is also good for the currency..The nonfarm employment which is an event that measures the change in the number of employed people during the previous month also on Friday announced that  273k jobs were created as compared to the month of January. These two events are still in play even up to today and they increased the value of the USD.
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