Over 6 million people lost their job since beginning of December 2007 in the US, but the markets rose because the economy only lost 345.000 jobs in May much less than expected. Last year the same report reported 49.000 job losses and the market fell 3%.
But it wasn´t only the market that surprised investors, the dollar also by gaining against all currencies, and against gold also. Among the first 3 on the WTI ranking only Helder da Silva is still playing the stock market and avoiding forex. The lider Mariusz Ganczar along with Karagich István from Hungary avoid the markets to be in forex.
Oil and commodities also went up since they have been used as a hedge against a week dollar. All participants piling into commodities on expectations of a weak dollar had a suprise at the end of the week.
The major currencies are back to levels pre- Lehman Brothers bankruptcy, and volatility is increasing. Participants of the WTI know they have to answer the question: now what?
