11.01.201610:54 Forex Analysis & Reviews: Global macro overview for 11/01/2016

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Global macro overview for 11/01/2016:

The last Friday NFP data beat the forecasts as the US economy created 292,000 jobs in December against 200,000 expected. Moreover, the US Labor Department revised the data on two previous months, and it turned out the economy added 50,000 more jobs than previously reported. Please notice that the US job market has been reporting strong jobs data in the last months, with 252,000 in November and 307,000 in October. The job market is clearly showing an improvement and next gradual rate hikes by the Fed might start as soon as March 2016.

Despite the strong labor data, the US Dollar index failed to rally for now as it is still trading inside the range between the levels of 97.18 and 99.98.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.