ZHAOFXCaijing Net: The number of US unemployment insurance applications skyrocketed, and the US stock index plummeted again

US Department of Labor12month10Data released on the day shows that as of12month5In the past week, the number of Americans applying for unemployment benefits for the first time was85.3Ten thousand people, far exceeding market expectations72.5Ten thousand people, compared to the revised one week ago71.6More than ten thousand people13.710000 people.

The COVID-19 has had a huge impact on the US labor market,3Month and4The monthly unemployment situation is the most severe, as the US economy restarts,5The labor market has improved since the beginning of the month. However, with the recent COVID-19 epidemic worsening again, the number of weekly initial applications for unemployment benefits still remains high85.3Ten thousand people, for9The highest level since June indicates that the extended implementation of enterprise shutdown and business restrictions to curb the COVID-19 may lead to another wave of unemployment.

ZHAOFXAccording to Caijing analysis, with the recent series of labor market data generally showing poor performance, the pressure on the US Congress is increasing day by day. If a rescue plan cannot be reached by the end of the year, the premature rescue plan may have very terrifying economic and livelihood consequences.

The surge in unemployment in the United States has led to another decline in the US dollar. Technically speaking, yesterday's peak91.15On10The moving average suppressed the area and was hindered from falling, resulting in a negative trendKLine, break through5The moving average means that there will be a pullback trend after the short-term rebound of the US dollar. If the US Index rebounds today91.10If there is a hindrance below, the goal of future correction will be directed towards90.60—90.40. Today, the important short-term resistance of the US Index is91.05–91.10Supported on90.40—90.45From the current short positions on the moving average, it can be seen that the US Index will continue to decline.

The article is sourced from:ZHAOFXCaijing Network