Saturday, June 8, 2013

US guys are happy after Friday job report

American guys should be happy now. Bernanke's plan is working. Jobs are being created. Stimulation did not go in vain. Maybe. However, will the trend continue? What happens when the plan of artificially pumping economy stops? Will stocks crash, currencies go in turmoil and God knows what happens to commodities? Maybe. Anyway, the news was good for stocks, US dollar and Canadian dollar. Commodities crashed sharply, except for oil. This security is very much in correlation with Canadian dollar and if Canadian economy is ok, oil is doing well.

Let's wait and see what the next week brings.

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