Forex news, GDPUSD. In May demand for workforce fell for the first time this year, as concluded from the questionnaire of HR-consultants, held by Markit at the request of KPMG and Recruitment and Employment Confederation. Index, calculated on the basis of data provided by personnel departments shows a drop to 53.6 in May from 54.2 points in April.
This is the first growth rate reduction this year, as stated by Kevin Green, CEO of Recruitment and Employment Confederation. This may signal about employers’ uncertainty about economic perspectives, which makes them deal with the issue of hiring staff in a more careful manner. According to Green, crisis in Eurozone and weakening economic background in Great Britain influence employers’ behaviour the most.
GPB continues correction to long-term trend, which is directed at decline against USD. According to Masterforex-V Trading System , GBPUSD currency pair has finished forming Н16 bullish wave А/В and is currently forming Н4 bearish wave А/В. The pair will continue forming bearish wave А/В with Daily potential if the maximal point 1.5599 is broken; its closest resistance will be provided by pivot MF 1.5715 and Fibonacci points 1.5662/77, 1.5725, 1.5784, and 1.5804. When local minimum 1.5471 is broken, the bearish wave will continue, being resisted by pivots MF 1.5452 (the break of which will prove the end of the bullish trend), 1.5403, 1.5321, and the minimum of 1.5267.
