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Market News Non-Farm Payrolls Are Stronger Than Expected
Markets News
Non-Farm Payrolls Are Stronger Than Expected
TOPONE Markets Analyst2023-02-06 09:30:00
Hot spot tracking
- Rumors of a new BOJ governor start to roil markets
- US claims to have shot down Chinese unmanned balloon
- "Petrodollar" Accelerates Collapse
Product Hot Comment
ForexEUR/USD fell 0.007% yesterday to 1.07921; GBP/USD fell 0.036% yesterday to 1.20454; AUD/USD fell 0.049% yesterday to 0.69214; USD/JPY rose 0.614% yesterday to 131.945; GBP/CAD fell 0.038% yesterday to 1.61418; NZD/CAD rose 0.004% yesterday to 0.84735.📝 Review:The dollar jumped on Friday after data showed U.S. employers added significantly more jobs in January than economists expected, potentially giving the Federal Reserve more leeway to keep raising interest rates. The Labor Department's closely watched jobs report showed nonfarm payrolls surged by 517,000 last month. The department revised December data to show an increase of 260,000 jobs instead of the 223,000 previously reported.🕵️ Operation suggestion:go long USD/JPY at 131.968, target rice 133.105.
GoldSpot gold rose 0.088% yesterday to $1866.34/oz; Spot silver fell 0.273% yesterday to $22.272/oz.📝 Review:Gold prices fell more than 2% on Friday, hitting a more than three-week low, after stronger-than-expected U.S. jobs data raised concerns that the Federal Reserve may keep raising interest rates. Gold is down 2.5% so far this week, its biggest weekly drop since early October, with prices shedding nearly $100 in two sessions.🕵️ Operation suggestion:go short at 1865.60, target price 1850.07.
Crude OilWTI crude oil rose 0.439% yesterday to $73.745/barrel; Brent crude oil fell 3.024% yesterday to $79.659/barrel.📝 Review:Oil prices hit their lowest in more than three weeks in choppy trade on Friday after strong U.S. jobs data stoked concerns about rising interest rates and investors sought more information on an impending European Union embargo on Russian refined products, Bruno said. U.S. crude fell 7.8 percent for the week, while U.S. crude fell 7.9 percent.🕵️ Operation suggestion:go short at 73.779, the target price is 72.589.
IndiceThe Nasdaq index fell 0.342% yesterday to 12528.950; The Dow Jones index fell 0.166% yesterday to 33856.8; The S&P 500 index fell 0.250% yesterday to 4124.700.📝 Review:U.S. stocks collectively closed down last Friday, with the Dow closing down 0.38%, the S&P 500 closing down 1.05%, and the Nasdaq Composite closing down 1.59%. As of the close, the Nasdaq has risen 14.7% in the five weeks since the beginning of this year, the best performance in the same period since 1975. The major sectors of the S&P 500 closed down across the board, most of the leading technology stocks closed down, and popular Chinese concept stocks continued to fall overall.🕵️ Operation suggestion:go short Nasdaq index 12526.600 , target price 12250.700
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