Our Urgent Market Update Video is designed to prepare you for the day’s high-probability trading opportunities. Today, we observe big US job numbers but an odd market response to this major news event.
Last Friday on 5th August, we saw an NFP headline print of 528K jobs added to the US economy. This is versus an expected print of 250K jobs added. We anticipated before this news event that if we saw a positive number we would be looking for US Bond Yields to push higher and for this to begin to put the Fed under further pressure to increase rates more aggressively to the upside in order to try and stem above expected inflation in the economy.
This, for us, is bad news for US Indices. As a result, we could see the USD strengthen under these conditions. The problem is, that we have effectively seen the opposite. US market resilience prevails for now but we do think these positive market technicals won’t last for long. Be ready for the moves when they finally occur, perhaps this week with US CPI due out.
Big US Job Numbers but an Odd Market Response – Full Video Analysis
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