After yesterday's sell-off among most global markets,there was a marked recovery today. A combination of upbeat data allowed traders to ignore the continued military tension on the Korean peninsula and focus on the U.S. economic recovery. The U.S. Labor Department's report provided support for general economic improvement with the number of jobless claims being their lowest since July 2020. Additionally, the consumer-sentiment index rose steadily since the last time it was measured. Despite all the good news, new home sales continue to lag and durable good orders unexpectedly dropped by 3.3%.
As with recent currency price movements, the dollar weakened today against most major currencies. This was expected, especially with fears of future inflation and a trader appetite for risker stocks with increased profit potential. What surprised our team was trader short-term memory, especially after the recent escalation in the Yellow sea. If the situation worsens and war seems imminent, the U.S. economic growth and improved overall conditions will have been in vain.
The FapTurbo Forex Auto Robot was today's winner among the leading Forex Robots presented on our website. The Forex Auto Robot was able to identify a weakening trend of the US dollar, thereby purchasing the Euro. This Forex Auto Robot system allowed us to make a handsome profit with today's volatile markets and currency price movements. FapTurbo Forex Robot continues to be the most popular system on the market today, and has a great reputation as a result.