US Jobs Report Recap (Video)

As has become the norm, the US economy posted strong jobs gains in July, bringing unemployment down to 4.3% and lifting participation in the process. Still, the report didn’t tick every box and likely does little to influence the Fed’s interest rate decision making.

Senior Market Analyst Craig Erlam discusses why he believes the latest labor market figures don’t change anything and what he believes may be responsible for the strong dollar rally since the release.

He also gives his follow up analysis on EURUSD (1:46), GBPUSD (3:49), USDJPY (4:36), NZDUSD (5:28), AUDUSD (7:24) and USDCAD (7:53).

US Jobs Report Fails to Deliver Knockout Blow

Gold Slides as Nonfarm Payrolls Beats Forecast

July: Non-farm payroll (NFP) and CAD Employment Result

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

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