July #NFP delivered a major surprise, coming in at -23K versus the +80K expected.
That’s a significant miss and could influence expectations around the U.S. labour market and interest rates. USD, gold and major forex pairs could see increased volatility as markets digest the data.
The headline is important, but the reaction across markets may tell the bigger story. I’ll be watching the move on BingX.
That’s a significant miss and could influence expectations around the U.S. labour market and interest rates. USD, gold and major forex pairs could see increased volatility as markets digest the data.
The headline is important, but the reaction across markets may tell the bigger story. I’ll be watching the move on BingX.