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Fri, Nov 6, 15:02 UTC UTC
USD moves higher after the US jobs report. What levels are in play now?
Macro drivers Medium impactEconomic dataUS dollarTechnicals & forecasts
The US dollar moved higher after the October jobs report came in stronger than expected. Nonfarm payrolls rose 165K versus the 65K estimate, September was revised up to 60K from 29K, and the net revision over the prior two months was +84K. The unemployment rate edged down to 4.1% from 4.2%, even as labor force…
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Gold reaction
GoldCFD analysis
Our headline model reads this story as neutral for gold because of:
- Stronger US dollar
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