The NFP report brought negative news regarding the virus’ impact on the market
The latest non-farm payroll report revealed that the US
labor market, instead of gaining in the past month, lost 140,000 jobs. The
decrease was mainly caused by the resurgence in the number of COVID-19 cases.
The number of non-farm payrolls was expected to increase by 50,000 in December.
On the other hand, the unemployment rate came below the 6.8%
consensus at 6.7%. Moreover, in the past week, the number of unemployment
claims was lower-than-expected at 787,000. The market was looking for 832,000
USA500, the Dollar, and Gold are usually reacting
to such news. Keep an eye on the market to see what is happening!
This information prepared by ClickTrades.com is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.
This information is prepared for general circulation. It does not have regard to the specific investment objectives, financial situation or the particular needs of any recipient.
You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.
This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of ClickTrades.com.
OPEC+ successfully ends a two-day meeting
Trump could be impeached before Biden’s inauguration