Gold – Can it Recover from NFP Blow?
Jobs report a severe blow for gold It feels a long time ago since gold was rallying on the back of a poor ADP number and expectations that it may signal a weaker jobs report and nudge the Fed in...
Robinhood shares jump nearly 8% as it closes out wild week
Vlad Tenev and Baiju Bhatt attend Robinhood Markets IPO Listing Day on July 29, 2021 in New York City. Cindy Ord | Getty Images Shares of Robinhood popped again Friday as the volatile stock heads to end its first full...
Biden skips victory lap after strong July jobs report, warns of economic peril from rising Covid cases
US President Joe Biden speaks about the July jobs reports in the East Room of the White House in Washington, DC, on August 6, 2021. Saul Loeb | AFP | Getty Images WASHINGTON — President Joe Biden resisted the temptation...
July’s strong jobs report could prepare the Federal Reserve to dial back its bond-buying program
Employees from the Louisville Urban League speak with job seekers at a Job News USA career fair in Louisville, Kentucky, U.S., on Wednesday, June 23, 2021. Luke Sharrett | Bloomberg | Getty Images July’s strong jobs report puts the Federal...
Stocks making the biggest moves midday: Virgin Galactic, Robinhood, Yelp, Novavax & more
Billionaire entrepreneur Richard Branson prepares to spray champagne after flying with a crew in Virgin Galactic’s passenger rocket plane VSS Unity to the edge of space at Spaceport America near Truth or Consequences, New Mexico, U.S., July 11, 2021. Joe...
Unemployment rate falls for every group but is higher for Black and Hispanic workers
A man hands his resume to an employer at the 25th annual Central Florida Employment Council Job Fair at the Central Florida Fairgrounds. More than 80 companies were recruiting for over a thousand jobs. Paul Hennessy | LightRocket | Getty...
Non-Farm Payrolls Shine, Markets to Prepare for a September Taper Announcement
US Non-farm Payrolls for July were +943,000 vs +870,000 expected and a higher revised +938,000 in June! In addition, the Unemployment Rate fell from 5.9% to 5.4%, and 5.7% expected. This was a massive beat compared to expectations. Also, Average...
Payrolls increase 943,000 in July as unemployment rate slides to 5.4%
Hiring rose in July at its fastest pace in nearly a year despite fears over Covid-19’s delta variant and as companies struggled with a tight labor supply, the Labor Department reported Friday. Nonfarm payrolls increased by 943,000 for the month...
Dollar Jumps as NFP Grew 943k, EUR/USD Heading Back to 1.175 Support
Dollar jumps sharply in early US session after stronger than expected non-farm payroll data. If job growth could sustain at current page in August, more FOMC members would be ready to call for tapering in Q4. Euro, Swiss Franc and...
GBPJPY Edges Sideways As Advances Curbed By 50-MA
GBPJPY is presently stuck between the 50- and 100-day simple moving averages and directional momentum appears to have become feeble. The 200-day SMA is backing the positive structure, while the 50- and 100-day SMAs are endorsing a more neutral trajectory...
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