[B]Ikon Forex –[/B] The high profile US non-farm employment data in July was released on Friday, and the number of the employment was sharply reduced by 131 thousand. Later the forex price of USD as well as the US stock market both slumped, and the forex rate of USD against many non USD currencies fell, the US stock slumped by 1 percent in the stock market. The data indicated the performance of the US economy recovery was not good, and the panic emotions of the forex brokers towards the second collapse of the US economy were enhanced in the forex market. It was predicted the possibility of the restart of the US quantitative easing policy in the forex market increased, and the panic emotions of the forex brokers would continue in the forex market later.
Edited by Laura in Ikon Group.