The US Economic Data Keeping Bulls in Control
#Bulls #stocks #economic #data #ISM #dollar #jobs
"Last week’s strong US NFPs report and the coming data on the services sector is expected to affirm this solid economic rebound from the VirusCasedemic chaos" -- Paul Ebeling
The financial markets are Hot, and so intense is the buying that many of Wall Street’s brokerages and wealth managers are struggling to keep up, as the Bulls are firmly in charge.
The US economy created more jobs than expected in March, data showed last Friday. And overall, the outlook for the Buck remains solid as the underlying US economic viewpoint sees a strengthening recovery. A survey from the Institute for Supply Management (ISM) due later Monday is expected to show US non-manufacturing activity expanded at a faster pace in March.
The dollar index against a basket of 6 major currencies is little changed at 93.015,
USD short positions in the currency market fell last week to the lowest since June last year, US Commodity Futures Trading Commission data showed a positive sign for the Buck.
Have a healthy week, Keep the Faith!
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