U.S. dollar remained at a 1-month high

Sentiment in the markets did not improve last week, so investors remained cautious, which led to the U.S. dollar remaining at its highest level in June. The growing number of new cases of the virus in the United States and the volatile economic data in the country do not allow market participants to expect a Form V recovery.U.S. economic indicators remained highly volatile and supported concerns among market participants about future prospects. The preliminary manufacturing PMI index reached 49.6 points and recorded a marked recovery in sentiment among business participants, which was one of the most positive signs in recent weeks. Meanwhile, real estate secondary market sales fell -9.7% in May from a month earlier, but new home sales showed recovery and recorded a 16.6% rise from April. With the number of unemployed remaining high in the country, access to credit is likely to decline, which will reduce liquidity in the market while negatively affecting the number of transactions. The number of new jobless claims remained unchanged at 1.5 million per week.Disclaimer:This podcast is produced for a global audience and does not contain and should not be construed as containing investment advice, investment recommendations, an offer or solicitation of any transaction in financial instruments. Please note that this trading analysis is not a reliable indicator of current or future performance as circumstances may change over time. Before making any investment decisions, you should seek independent financial advisors to help you understand the risks.Forex & CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this providerRead more at https://admiralmarkets.com