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Monday, 20 May 16:27 (GMT -05:00)



Foreign exchange market

U.S. Unemployment Rate Drops To Nearly 50-Year Low


The U.S. Department of Labor has released another unemployment reports. For the first time in over 49 years, the unemployment rate dropped all the way down to 3,9%. For the most part, this has to do with a considerable decline in the economically active population. 
 
Last month, the amount of economically active Americans decreased by 490K people. The reason for that is believed to be an increase on the amount of retired people and students who don't need jobs. At the same time, the world's biggest economy increased the amount of new jobs by 263K, which had positive impact on the unemployment rate. At the same time, the average annual earnings increased by 3,2%.
 
According to analysts, all of the changes seen over the reporting period indicate a stable and healthy state of the American economy. On the other hand, the pace of economic growth in the United States doesn't allow us to expect an interest rate changes by the Federal Reserve.
 
The actual figures are pretty decent, Ian Shepherdson from Pantheon Macroeconomics assumes. But at the same time, the expert hopes that the current pace of earnings growth will remain at the same level. Most likely, the U.S. unemployment rate will keep going down in the near future, with a further increase in average earnings. Also, he says that that the current employment stats have no direct impact on the Fed's monetary policy. However, if the tendency persists, the Fed may dare make changes to its current monetary policy.
 
Some other experts also assume that the recent stats have been very positive for the American economy. They assume that the stats may even influence the views of those expecting an economic recession in the United States to make them hesitate about their forecasts. 
 
On the one hand, the actual unemployment rate takes the USA to the top of the world unemployment rankings. Still, we need to take into account several key factors. The thing is, the current unemployment rate reflects both the amount of working Americans and the amount of those Americans who aren't currently looking for a job. The latter aren't considered as the unemployed. At the same time, the figures reflecting the amount of Americans looking for a job only make it possible to put the United States in the middle of the global rankings. 
 
It's interesting to note that previously the Federal Reserve expressed their concerns regarding the amount of the actively productive population who don't fall under the term "labor force". This is explained by a number of reasons, with one of the key reasons being their health state because of drug abuse and some other reasons. 
 

Poor Economies See Increasing Unemployment Rate

 

In mid-February, the International Labor Organization released another report on the situation on the global labor market situation in 2018. It turned out that the 172 million people, or around 5% of the global labor force, were trying hard to get themselves a job but eventually failed. This information gives us an opportunity to make a number of interesting conclusions.The good news is that for the first time the unemployment rate dropped all the way down to the pre-crisis level. However, it took the market 9 years to recover. As you probably know, the unemployment rate increased up to 5,6% during the crisis years. The report says that the employment growth was mostly driven by rich economies. At the same time, poor economies saw higher unemployment. The tendency is expected to persist over the next few years.

 

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Forex and Cryptocurrency Forecast by NordFX. May 20-24, 2019

Roman Boutko, an analyst for NordFX, has come up with another consensus forecast for the forex and cryptocurrency markets for the forthcoming trading week starting on May 20, 2019.


Publication date: 20 May 03:50 AM

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Publication date: 18 May 03:25 PM

Facebook articles contest from FortFS

FortFS offers you to show off your writing skills and compete with other traders for a prize fund of 1000 USD, which will be distributed among the authors of the most interesting articles about our company!

Publication date: 18 May 12:24 AM

BTC Market Will Set New Highs In 2020

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Bitcoin Reaches 5-Month High

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Publication date: 27 April 10:24 AM

ETH's At Local Highs: What's In For Ethereum And ICO?

Ethereum is back in the game! It's currently trading around 5-month lows. Still, the market seems to be showing some confidence that the coin has already overcome its existential crisis and managed to recover from crisis that started after the ICO bubble burst in 2018. Will ETH and ICO revive?

Publication date: 17 April 10:42 AM

NordFX Shares Another Forex and Cryptocurrency Forecast for Mid-April 2019

The balance of powers in the international currency market (also known as forex) influences many contemporary tendencies in the entire world. At the same time, traders and investors rely on accurate forex forecasts to earn money. That is why we keep on publishing those weekly consensus forecasts, courtesy of NordFX.
Publication date: 15 April 10:54 AM

Weekly Forex and Crypto Prediction by NordFX. Mid-April 2019

Any exchange rate between any two currencies is the result of multiple factors affecting the currency pair at any given moment. At the same time, those exchange rates themselves are actually capable of affecting other processes important to specific countries and even the entire world.

Publication date: 09 April 11:01 AM

Weekly USD, GBP, and EUR Forecasts by FortFS

Last week, almost all of the emerging currencies gained some value against the U.S. Dollar. On the contrary, the so-called G10 basket of currencies stayed withing a rather narrow price range against the dollar, with the New Zealand Dollar being the only exception (it devalued by 1% over the reporting period).
 
Publication date: 08 April 12:06 PM