The FOMC statement release supports the US economy. The Federal Reserve's target is to use its full range of tools to support the U.S. economy in this exigent time thus promoting its employment and price stability goals. The Committee will continuously monitor the implications of incoming information for the economic outlook, which includes the information [...]
The unemployment rate of the US fell to 13.3%, down from 14.7% in April, as businesses started hiring again. Firms in the food, construction, and health care sectors started again to take staff. In total, employers added 2.5 million jobs, with the education and retail sectors also recruiting. It came as US states started rolling [...]
As the demand for the US dollar, AUD/USD is fast closing, it favors the short entries. The demand for the US dollar raises because of the US-China tensions escalations. President Trump accuses China of running a massive disinformation campaign and making the coronavirus spread all around the world. A downtrend for the pair increases also [...]
