⚡Crypto Alert : Altcoins are up 28% in just last month! Unlock gains and start trading now - Click Here

The positive data helps the Dollar

The miss in the US employment data today gave the US Dollar a short-lived kick. But the remaining data which was released about an hour later was all positive. The trade deficit for April was about $5 billion lower than expected, the services, non-manufacturing PMI and the factory orders all jumped up. But the most important piece of data was the q/q labour costs which came out at 4.1% against 2.9% expected. That helped the USD which is feeling well bid right now. Is this going to turn the things around for the USD?

 USD/JPY is nearly 200 pips up from the yesterday´s low 

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Avatar
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
Related Articles
🔒 OPEN A TRADING ACCOUNT