effect of us job less claim
- Thread starter anoopkoonamkottil
- Start date
Ram,
NFP data is an important enough to move trillions of dollars worth of assets globally - including our markets. Impact of NFP data is felt on currencies, commodities, bonds and ofcourse the stock market. Did you notice the spike of 2.5% plus in the price of Gold and Silver yesterday? It was in reaction to this data. As the job report numbers were weak, it follows that Fed may be not be in a position to raise interest rates soon. As a result, billions of dollars will be available cheaply for longer to take a punt on Gold and Silver. FII investments impact our markets, and FII fund flows depend on the prevailing and expected US interest rates, and US employment data, inflation numbers and economic growth. So in the interconnect world we live in, employment data in the US is important to us.
NFP data is an important enough to move trillions of dollars worth of assets globally - including our markets. Impact of NFP data is felt on currencies, commodities, bonds and ofcourse the stock market. Did you notice the spike of 2.5% plus in the price of Gold and Silver yesterday? It was in reaction to this data. As the job report numbers were weak, it follows that Fed may be not be in a position to raise interest rates soon. As a result, billions of dollars will be available cheaply for longer to take a punt on Gold and Silver. FII investments impact our markets, and FII fund flows depend on the prevailing and expected US interest rates, and US employment data, inflation numbers and economic growth. So in the interconnect world we live in, employment data in the US is important to us.
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