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02.04.202014:58 Forex Analysis & Reviews: Evening review EURUSD 04/02/2020. Awful US weekly unemployment data - 6.648 thousand new jobless

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Exchange Rates 02.04.2020 analysis

6.648 thousand new applications for unemployment benefits in the United States per week - much higher than forecasts - after 3.280 thousand a week earlier - if I correctly understand the calculation method, this is about 10 million unemployed per week - or about 5% in addition to unemployment.

The numbers are monstrous - but the markets are practically unresponsive. This is strange, but it is a fact.

Coronavirus: 220,000 infected in the US, +26 thousand per day, or +13%.

EURUSD: Buy from 1.1040, stop 1.0995, target 1.1140.

We sell from 1.0635.

Jozef Kovach
Analytical expert of InstaForex
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