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Worrying wages and shining gold – MM #133

We move away from politics to discuss the various aspects of the US jobs report and what it means for markets and then tackle gold prices.

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  1. State of US jobs: The Non-Farm Payrolls report  sent mixed signals with different directions for job gains (positive) and wages (negative). What does this mean for the US dollar? How will the Federal Reserve react to it? We dive into the economic situation. Not everything is Trump.
  2. Gold prices: The precious metal has enjoyed some revival.  Will Trump make gold great again? How does inflation influence the price?  Supply and demand play second fiddles to speculation.
  3. Preview: Politics will remain left, right and center as Trump continues trumping executive orders and as Brexit comes to a final vote. Also note a rate decision in Australia, employment in New Zealand and consumer confidence in the US.

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Trade safely!

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.