The US dollar fell Monday after data showed ongoing weakness in the US manufacturing sector, pushing USD/JPY to a two week low.
Stocks are an investment in a public company however, investors and traders need to understand the different types of stocks that ...The latest Institute for Supply Management data released yesterday reveals that manufacturing activity in the United States continues to contract for the second consecutive month and the 18th in the last 19 months. The May reading of 48.7 missed the previous month's print of 49.2 and the market forecast of 49.
This week, market participants eagerly await the release of the monthly US Jobs Report on Friday, which could prove to be a significant market mover. A weaker-than-expected jobs market would reinforce the narrative of a slowing US economy and provide the Federal Reserve with additional flexibility to loosen monetary policy.
Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current USD/JPY price trend may soon reverse lower despite the fact traders remain net-short.– bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author via TwitterLeveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
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