We are waiting for positive data on the US labor market

02.04.2021

Today the United States will be able to delight investors with positive macroeconomic statistics. The ISM Industrial Employment Index, which was published on the eve, signals an increase in manufacturing jobs. The employment indicator has been growing over the past four months and reached a three-year maximum in March!

The number of applications for unemployment benefits in March fell by 74 thousand, which also indicates the output of a positive release on Non-Farm. Meanwhile, today I do not expect a strong strengthening of the dollar, inasmuch as many countries around the world celebrate Good Friday and most investors are resting today.

Investment idea: Sell 1.1790/1.1810 and take profit 1.1750.