Gold Sinks, USD/JPY Surges as NFP Report Smashes Expectations

BY admin admin

Gold prices plunged and the US Dollar exploded higher against the Japanese Yen after NFP data for May 2020 crushed estimates. The US economy added 2.5 million jobs, but was expected to shed 7.5 mil…

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

Gold Could Shine on a Repeat of Eurozone Sovereign Debt Problems

<p>Tightening monetary conditions in developed countries are not hurting gold so far, and investors’ switch from buying risky stocks generates demand for the safe-haven. The daily charts also cl

Forex

CMC Markets Gets More Bullish with FY2021 Income Expectation

The company ended H1 of the financial year with a 135 percent revenue jump.

Forex

Stocks Cheer Moderna’s Vaccine News, Dollar Mixed

<p>Global investor sentiments are boosted by more good news on coronavirus vaccines. Moderna said it’s vaccine was 94.5% effective in preventing COVID-19, based on interim data from a late

Copyright © 2024 | WordPress Theme: Xews Lite