The recent reading from the US labor market showed a significant increase compared with market forecasts. The Non Farm Employment Change rise 273k (est. 175k). Average Hourly Earnings rose 3% and Unemployment Rate falls to 3.5%.
The Fed may want to wait for further developments of the current situation, settling with only one interest rate cut in the near future. The better than expected data could initiate an upward move on dollar and gold.
Daily summary: Wall Street and EURUSD rise ahead of tomorrow’s Fed decision 🗽 Oil gains
US100 gains 0.8%📈
U.S. dollar sell-off 🚨 USDIDX slumps nearly 1%
US Open: US500 near record highs 📈 UnitedHealth shares crash 17%, Micron and RTX Corp gain