US labour market overheating | 02 November 2023
02 November 2023, GBP/USD
GBPUSD trading plan:
U.S. job openings increased in September, pointing to persistent labor market tightness that is underpinning the economy and likely to see interest rates staying high for some time. Job openings, a measure of labor demand, were up 56,000 to 9.553 million on the last day of September, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS report. Data for August was revised lower to show 9.497 million job openings instead of the previously reported 9.610 million. This is a positive signal for the dollar.
Investment idea: sell 1.2189 and take profit 1.2107.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
