By - Jamel Lahiani
Last week, the major stock markets closed positively on Friday. In fact, the investors still optimistic about a resolution of US-China trade tensions. The US dollar record tight variations last week face to Euro but appreciate against Yen and depreciate against GBP. On the other side, the Bitcoin price was subject to correction movement after a huge decline a week before, achieving last week by 7.3% increase against the US dollar.
Concerning the African money market, The Nigerian (NAIRA) was stable with 359.00 as parity face to the US dollar with the appreciation of (South Africa) ZAR face to the US dollar by 0.36%.
Concerning the commodities markets, the gold still stable against the US dollar but the Crude oil decline by -4.56%.
The last week main markets prices and variations
Market in Focus: 02 December – 07 December 2019 “nonfarm payrolls week”
We have a list of high impact events this week. The publication of the events can lead to a strong movement or a trend for the related currencies. The discussion of the events impacts will be done within the daily FOREX report.
The very high impact publications that have a very significant theatricals impact are:
The US Employment Change released by the Automatic Data Processing, Inc, Inc is a measure of the change in the number of employed people in the US. “Wednesday”
The US Trade Balance released by the Bureau of Economic Analysis and the U.S. Census Bureau is a balance between exports and imports of total goods and services. . “Thursday”
The US nonfarm payrolls released by the US Bureau of Labor Statistics presents the number of new jobs created during the previous month, in all non-agricultural business. “Friday”
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