Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Tuesday, 22 October 02:01 (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.

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Bitcoin Will Crash To $3000 Per Coin

In his latest YouTube video, a popular cryptocurrency expert named Alessio Rastani told his subscribers about the possibility of Bitcoin crashing all the way down to 3000 dollars per coin. So, is the BTC exchange rate really going to go that low in the near future? The expert started his review from evaluating the stock market sentiment cycle, which is a really significant part of market analysis. So, he did just that.

Publication date: 21 October 10:04 AM

Pound Will Drive Forex This Week

Before the start of the last trading week of October, the NordFX expert team has come up with another set of weekly consensus forecasts for the forex and cryptocurrency markets. When devising those forecasts, the experts gathered multiple expert opinions and tech analysis. As a result, we get the following picture:
Publication date: 21 October 12:15 AM

Dollar Will Keep Going Down, NordFX Experts Say

Right before the start of the last last trading  of this summer, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. The period is October 4th - 11th. So, this is what those predictions look like:
Publication date: 07 October 12:04 PM

Masterforex-V Names Worst Forex Brokers in September 2019

Masterforex-V Academy's rating of forex brokers gives you an unbiased and up-to-date picture of what's going on in the industry based on 20 criteria. One of the criteria is the amount and degree of the negative feedback provided by each broker's clients. In this article, we are going to dive deeper into the matter and find out which brokers turned out to be the worst ones in September and why.
 
Publication date: 03 October 05:21 AM

Bitcoin is only half-way down. Ethereum is stable.

The current state of affairs in the global cryptocurrency market leaves much to be desired. This is confirmed by a number of people who usually promote cryptocurrencies. John McAffee is clearly not one of them. He has always been very positive on the prospect of digital currencies. In particular, he believes that the BTC/USD exchange rate may eventually reach as much as 10 million dollars per coin. 
 
Publication date: 02 October 10:27 AM

Bitcoin Crash Causes Panic In Cryptocurrency Market

Bitcoin has crashed. Altcoins are bleeding. The panic is making things even worse for Bitcoin and other digital currencies out there. The worst case scenario provided by Masterforex-V Academy experts has finally manifested itself - a break below the bottom of the 9000-9400 range resulted in an instance crash by more than 15% just within a single trading session. In a matter of 12 hours the Bitcoin market lost 37 billion dollars of market capitalization.

Publication date: 25 September 11:10 PM

Bitcoin Exceeds $10K Again

It turns out that Bitcoin is still able to surprise. Despite the growing pessimism in social networks, recently has been a good time to load up on Bitcoin and other cryptocurrencies. The world's first and biggest coin has broken the psychological barier of 10000 dollar per coin. Does this mean going back to the bull market? At this point, the BTC rate is around 10300-10400 dollars per coin.

Publication date: 05 September 12:15 AM

NordFX: Forex And Cryptocurrency Market Review. August 2019

Right before the start of the last last trading  of this summer, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. So, this is what those predictions look like:
 
Publication date: 25 August 12:12 PM

Will Brexit Affect Bitcoin?

Some representatives of the international expert community assume that the Brexit is going to push Bitcoin higher, all the way up to new record highs in 2019. Nicolas Gregory, CEO of a blockchain company named CommerceBlock, is one of those experts. Not so long ago, he shared his standpoint with The Independent. He thinks that the Brexit may radically change the position of Bitcoin in the global economy and finances.
 
Publication date: 25 August 10:48 AM

Forex and Cryptocurrency Market Review by NordFX

At the beginning of the current trading week, NordFX experts came up with another set of market predictions based on a number of expert opinions backed by trending indicators and oscillators. This is what they came up with:

Publication date: 19 August 01:09 PM