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Intraday Strategies for Beginner Traders on August 5
The euro and pound are gradually
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The euro and pound are gradually returning to growth against the dollar in hopes of continuing their bullish trends formed last week.Yesterday, the dollar lacked support as U.S. data were uninspiring, offering no reason to buy. The labor market in June was effectively in equilibrium, with the JOLTs report showing that job openings totaled 7.4 million, hires totaled 5.3 million, and layoffs totaled 5.4 million. All these values remained almost unchanged, with no clear signs of either cooling or overheating.
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Miroslaw Bawulski,
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