05.09.2024: USD alert to NFPs. Daily outlook for S&P... (vi)

After Turkey’s application, the topic of joining the BRICS group has come under the spotlight. For example, today at the Far Eastern Economic Forum, the Prime Minister of Malaysia announced the intention to join this transcontinental group.
Meanwhile, China, the leading economy of this economic alliance, has been struggling with a debt crisis in the construction sector. The authorities maintain an artificial yuan exchange rate and a weak labor market. So, the excitement surrounding the future of BRICS raises many questions.

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00:00 INTRO
00:41 ADP EMPLOYMENT CHANGE
01:38 US INITIAL UNEMPLOYMENT CLAIMS
02:03 USDX
02:24 S&P500
02:51 EUR | USD
04:16 BRENT
05:14 USD | RUB

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Being a participant of Dakar Rally 2012, that took place in Argentina, Chili and Peru, InstaForex Company also decided to visit Brazil, Rio de Janeiro in particular, which is one of the financial centres in Latin America. Rio can be included in the geography of the partner representative offices of the broker. A trip to Brazil coincided with New Year’s Day, that was celebrated by the representatives of the company in accord to the Brazilian tradition – on the beach where they threw white roses into the ocean waves so that success always waited upon the broker’s clients.

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