The gold price revised to £25.70 per gram today, even though the US jobless rate came to 6.7% in February, slightly worse than predicted. The reason the gold price dropped was because the second statistic that came out today from the US was the non-farm payrolls survey, equally important an indicator for the health of the US economy. 243 more words
Tags » Non Farm Payrolls
After tensions eased in Ukraine and China in the beginning of the week, risk appetite was back with AUDJPY up 4% since its low reached on Monday at 90.00. 527 more words
The USD has lost a fair bit of ground in February failing to benefit from a renewed rise in US Treasury yields. A more positive risk environment recently has undermined some of the demand for USDs while some negative data surprises such as the ISM manufacturing survey and non farm payrolls have also weighed on demand for the USD. 116 more words
Have you ever wondered why a single report could have such a huge effect on mortgage interest rates?
The non-farm payroll figure (a.k.a. NFP) represents the number of jobs added or lost in the economy over the last month, not including jobs relating to the farming industry. 254 more words
Last week’s price action saw an interesting reversal in the sell off of the S&P which at the start of the week was down at the lowest levels of they year, however on Thursday and Friday the index staged a sixty point rebound to finish the week higher overall. 442 more words