Powered by
Huge non-farm payrolls numbers wreaked havoc last Friday. The headline number came in at 256k new jobs, almost 100k more than expected. The unemployment figure also unexpectedly dropped to 4.1% from 4.2% previously. Strong US employment figures are nothing new at this point, the American labour market has consistently demonstrated its resilience in recent months. Nevertheless, traders were once again taken aback on Friday following the NFP publication, particularly in the foreign exchange markets.
The Dollar pushed higher yet again, briefly taking the DXY to within a hair’s breadth of 110 and dragging Cable and the Euro to new lows. The price action continued this morning in the Asian session, with the Pound reaching into low $1.21 territory and the Euro barely above $1.02 at the time of writing. Odds of an interest rate cut on the Greenback during the next Fed meeting essentially fell to zero following the strong jobs report. In the eyes of many, there is simply no justification to bring rates down given the current situation. US stocks took the news badly, with all major indices falling sharply.
Gold gained 0.7% last Friday to close at $2,689 an ounce but the more interesting move in commodities came from the oil markets. Crude prices skyrocketed following news of more sanctions against Russian oil tankers and maritime insurance providers. Dwindling US stockpiles also contributed to the move, which saw Brent Crude push past $80 a barrel and WTI to $77 this morning. The sanctions would target more than 180 tankers carrying Russian oil.
คำเตือนความเสี่ยง : การซื้อขายตราสารอนุพันธ์และผลิตภัณฑ์ที่มีเลเวอเรจมีความเสี่ยงสูง
เปิดบัญชี
