During the Rodney King era, violent protests took place as they are today, now you have to think as to how this impacts the economy. well, today we have job numbers so let us consider that not only have we got mass unemployment from the COVID-19 outbreak but now we are facing an issue where stores are being destroyed and looted.
So any existing small business owner that was still in business, must now consider collecting the insurance payout from their destroyed store and potentially firing the employees as they look to close down.
So expect to see large numbers on the unemployment data from the US, but also remember that these numbers are also known ahead of time and we have already seen a large decline in the dollar. NFP day, keep the risk tight!
Our target is 1.1171
Our target is 1.2490
Our target is 1.3662
Our target is 1640.00