US DOLLAR, GOLD PRICE, S&P 500 – MARKET REACTIONS TO JUNE 2020 NFP REPORT, WEEKLY JOBLESS CLAIMS DATAUS Greenback stays below
US DOLLAR, GOLD PRICE, S&P 500 – MARKET REACTIONS TO JUNE 2020 NFP REPORT, WEEKLY JOBLESS CLAIMS DATA
- US Greenback stays below strain with the DXY Index buying and selling about 0.25% decrease instantly after the most recent month-to-month nonfarm payrolls report and weekly jobless claims knowledge launch
- Gold value motion tumbled by about 0.5% within the run-up to the employment figures and is at present buying and selling close to session lows
- S&P 500 Index futures give again some positive factors however Wall Road nonetheless seems set to open larger regardless of the combined labor market figures and rising coronavirus second wave threat
Month-to-month nonfarm payrolls for June and weekly jobless claims for the week ended 27-June simply crossed the wires and look to dominate market headlines for Thursday’s buying and selling session. In line with the DailyFX Financial Calendar, the headline web change in NFPs was reported at 4.8-million jobs added, which topped the median economist estimate in search of 3.0-million and compares to the prior studying of two.5-million.
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Preliminary claims dissatisfied, nevertheless, with the precise studying lacking the market consensus. Persevering with claims continues to point out almost 20-million People nonetheless submitting for unemployment insurance coverage amid the lingering coronavirus pandemic.
DXY– US DOLLAR INDEX PRICE CHART: 5-MINUTE TIME FRAME (02 JULY 2020 INTRADAY)
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XAU/USD – GOLD PRICE CHART: 5-MINUTE TIME FRAME (02 JULY 2020 INTRADAY)
Chart created by @RichDvorakFX with TradingView
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