Wonderful Introduction:
Green life is full of hope, beautiful fantasy, hope for the future, and the ideal of longing is the green of life. The road we are going tomorrow is green, just like the grass on the wilderness, releasing the vitality of life.
Hello everyone, today Avatrade Aihua Foreign Exchange will bring you "[Avatradescn]: As tariffs become the focus again, the risk preference sentiment gradually fades away." Hope it will be helpful to you! The original content is as follows:
Ihua Forex APP News - On Friday (July 4), investors are digesting the market trends of the past 24 hours as the United States celebrates Independence Day. The key employment report brought multiple surprises: the number of non-farm employment increased to 147,000, higher than the 110,000 expectations; the unemployment rate unexpectedly dropped to 4.1%. On the other hand, the average hourly wage fell slightly to 3.7%, hitting a new low in one year, consistent with the change in the "payment price" sub-item in the ISM service industry PMI survey. At the same time, after more than three months of negotiations, deliberations and behind-the-scenes pressure, the House of Representatives passed the "Beautiful Great Act" approved by the Senate with a 4 vote. While a handful of Republican Representatives expressed dissatisfaction with the Medicaid cuts, only two voted against the bill, which also raised the debt ceiling by $5 trillion. The approved bill has been sent to the White House and US President Trump is scheduled to sign it today local time. What does this mean for the Fed? Trump is outspoken about the passage of strong jobs data and budget bills, and his social media accounts are filled with exaggerated titles. However, a series of positive news, the decline in inflationary pressures brought by wage growth, while the labor market remains healthy, making the Fed's work slightly easier in the short term. Economic data has not shown weakness, which is likely to weaken the Fed's dovish remarks, alleviate tensions within the Federal Open Market www.avaforexcn.committee (FOMC) and, more importantly, reduce pressure on the July rate cut. The market has quickly adjusted expectations, and employment data released the probability of interest rate cuts in the seven months before the releaseIt is 21%, and now it has dropped to only 5%. Trump may soon restart his fierce rhetoric and accusations against Powell, but the data supports the Fed's current position. Therefore, most FOMC members can now wait and watch the trends in tariffs and develop strategies for the September meeting. Is Thursday's reversal www.avaforexcn.completed? Unlike the budget bill that did not have a significant impact on the market, the release of U.S. economic data immediately had an impact. The dollar strengthened sharply across the board, and after the non-farm data was released, the euro fell by about a big point against the dollar (i.e. 1 cent). The US stock index climbed to a record high.
The above content is all about "[Ava Ava Forex]: As tariffs become the focus again, risk preferences gradually fade" was carefully www.avaforexcn.compiled and edited by Avatrade Forex editor. I hope it will be helpful to your trading! Thanks for the support!
Due to the author's limited ability and time constraints, some content in the article still needs to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues: