U.S. Treasury yields rose after a strong jobs report | 09 Agustus 2021

09 Agustus 2021, EUR/USD

U.S. Treasury yields rose after a strong jobs report

EURUSD trading plan:

U.S. Treasury yields rose after a strong jobs report in line with goals the Federal Reserve has set to start unwinding stimulus. Labor Department statistics showed U.S. job growth rose solidly in July amid demand for workers in the labor-intensive services industry. Nonfarm payrolls increased by 943,000 jobs last month after rising 938,000 in June, the department said in its closely watched employment report. Fed Fund Futures, a widely-used security for hedging short-term interest rate risk, priced in a more than 90% chance of a 25-basis point tightening by January 2023.

Investment idea: sell 1.1784 and take profit 1.1750.

David Johnson
Analyst of «FreshForex» company
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