search

An incredible cashback rate!
40% of the spread!

Join Now

U.S./Canada: Caution Over Employment Data Results?

Market Report

  1. homeHOME
  2. Market Report
  3. U.S./Canada: Caution Over Employment Data Results?

U.S./Canada: Caution Over Employment Data Results?

06.08.2021

Today's Highlights
  1. U.S. Employment Report
  2. U.S. Consumer Credit Balances

Yesterday, stock prices rose in the U.S. market, leading to a “risk-on” market characterized by higher stock prices, higher interest rates, and higher crude oil prices. The U.S. Challenger job cuts figure for July, released yesterday, came in at 18,900—down about 7.5% from the previous month and the lowest level in 21 years.Amid concerns that layoffs could reduce labor market flexibility, stock prices remained firm. Bonds were sold off, and the yield on the 10-year U.S. Treasury note recovered to the 1.2% range; it currently stands in the 1.23% range.

The U.S. dollar rose as the yield on 10-year U.S. Treasuries rebounded. The USD/JPY pair broke above the resistance zone at the 200-period SMA on the hourly chart and is currently trading around 109.8.Cross-yen pairs are generally trending higher, but the Australian dollar and the U.S. dollar are showing particularly strong upward momentum; the AUD/USD pair is trading within a range, similar to yesterday. The EUR/USD pair is trending lower and is currently trading around 1.182.

Today’s economic indicators include German industrial production at 15:00, France’s trade balance and current account balance at 15:45, and the UK’sHalifax House Price Index at 16:30, remarks by BOE Deputy Governor Broadbent at 20:15, Canadian and U.S. employment reports at 21:30, the Canadian Ivey PMI at 23:00, and U.S. wholesale inventories (final reading) and U.S. consumer credit balances.We will be closely monitoring today’s U.S. employment report to see how it affects the strength of the U.S. dollar.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has been involved in investment management focused primarily on foreign exchange markets and has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

Previous Article

All eyes are on the U.S. dollar ahead of tomorrow's U.S. employment report

Next Article

Amid a summer lull in the market, should we keep an eye on the pound’s upside potential?
alert
Notification Settings
close

If you're using iOS

iOSをご利用の場合

If you're using iOS, tap the "Add/Save" icon at the bottom of Safari and select "Add to Home Screen." Once you've added it to your Home Screen, you can turn on "Receive Push Notifications" as shown above.

Click here for detailed instructions

If you're using an Android device or a PC

Android、PCをご利用の場合

If you're using an Android device or a PC, you can simply turn on "Receive push notifications" as shown above without installing the app. (If your browser asks for permission, please select "Allow.")

You can find instructions on how to add this to your smartphone's home screen below.

Click here for detailed instructions
USDJPY
XAUUSD
BTCUSD
USDJPY
XAUUSD
BTCUSD
Close
Click here for explanations of each notification
arrow Return to Notification Settings
close
Details of Each Notification
line Receive key metrics and announcements

You will receive notifications about key metrics and limited-time promotions. If you turn this feature off, you may not be able to participate in limited-time promotions.

line Received a round number notification

A feature that sends notifications when a price reaches a round number. Receiving these notifications helps traders capitalize on trading opportunities and manage risk, which is why many traders are taking notice.

polygon USDJPY

Notifications are sent for every 100 pips (1 JPY) (e.g., 1 USD = 147 JPY, 1 USD = 148 JPY, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

polygon XAUUSD

Notifications are sent every 500 pips (50 USD) (e.g., $3,000, $3,050, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

polygon BTCUSD

Notifications are sent for every 5,000 USD (e.g., 110,000 USD, 115,000 USD, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

line Received notification of sudden price fluctuations (sharp rises or falls in exchange rates)

Receive real-time notifications of price fluctuations for USD/JPY, gold, and Bitcoin. Never miss a trading opportunity, even when you're on the go, and place orders that instantly respond to market conditions.

polygon USDJPY

You will receive a notification when there is a fluctuation of 30 pips (0.3 JPY) or more within 10 minutes (sharp rise or sharp drop). After that, notifications for sudden fluctuations under the same conditions will be suspended for 1 hour.

polygon XAUUSD

You will receive a notification when the price fluctuates by more than 20 USD within an hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be paused for 4 hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be suspended for 4 hours.

Return to Notification Settings