The US NFP has delivered a massive and unexpected surprise. Employment gain was at +266k and unemployment rate slipped to 3.5%. Also annual wage growth was slightly higher than expected. After a week of disappointing US figures this is a U-turn and we see a proper market reaction: EURUSD down, GOLD down, US500 up. Gold is reversing lower from a resistance zone.
Fed's Miran signals two more rate cuts this year and disinflationary process🗽
BREAKING: NY Empire better than expected; EURUSD muted 📌
GOLD surges 1.4% 📈
Precious metals at record highs: Gold and Silver shine as the Fed ends its Tightening Cycle