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US Jobs Report Recap (Video)

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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 Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
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