NFP Shock Sends Dollar Lower and Gold Above 4,300, but Geopolitical Risks Rise

Why weak payrolls broke the week’s stalemate, and why Hormuz, Saudi warnings and US-China tensions mean the move isn’t a simple green light for risk What’s happening: July nonfarm payrolls unexpectedly fell -23K against expectations for an 85K gain, while May and June were revised down by a combined 103K and wage growth slowed. Markets
The post NFP Shock Sends Dollar Lower and Gold Above 4,300, but Geopolitical Risks Rise appeared first on ActionForex.

Why weak payrolls broke the week’s stalemate, and why Hormuz, Saudi warnings and US-China tensions mean the move isn’t a simple green light for risk What’s happening: July nonfarm payrolls unexpectedly fell -23K against expectations for an 85K gain, while May and June were revised down by a combined 103K and wage growth slowed. Markets […]

The post NFP Shock Sends Dollar Lower and Gold Above 4,300, but Geopolitical Risks Rise appeared first on ActionForex.

​Read More