5.10 Employment Statistics Approved, This Week Japan’s Earnings Reports Abound
This article is not intended to indicate or recommend buying or selling timing.
Please make your own investment decisions.
The employment statistics significantly missed expectations, with 2.66 million as opposed to the market forecast of 10 million.
In response to the employment data, there was an instinctive reaction of selling the dollar and selling stocks; once the New York market opened, there was a large rebound and the Dow average reached a new all-time high.
Such price movements are not uncommon in a easing market.
What the market focuses on due to indicators and how it will act because of that helps in analyzing price movements.
Set aside the preface for now, and proceed to unravel it.
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