Today was a big day for the United States economy. That’s because the US Jobs report for the month of February was released, smashing expectations. While the news was overwhelmingly positive for the US economy, flagship indices in the country remained relatively flat. Today, we’ll talk about the jobs report, why US indices stayed relatively flat, and what binary options traders should be watching for ahead.
What We Saw From The US Jobs Report
As mentioned above, the US Jobs report was released today and it proved to be overwhelmingly positive. Not only did the report smash expectations, it suggested a further strengthening economy in the country. Here’s what we saw from the report…
Why US Indices Didn’t Have A Positive Reaction
With such positive economic news, many would expect that US markets would be flying to highs today. However, if you look at the three blue chip indices in the country, you’ll see that this simply isn’t the case. The truth is that for the most part, the US market has remained relatively flat all day. So, what’s the deal? Well, the answer is actually quite simple.
Believe it or not, while the US Federal Reserve has increased its interest rate twice since the record low of 0.25%, the rate is still incredibly low, and the Fed has plans on further increases. As this rate is increased, we may see gains in the USD, which for the market is a bad thing.
