Unemployment data reflects the direction of gold and the dollar now.. conditions change in moments. By

© Reuters – Some key data that should give an overview of the weekly unemployment data is now released.

The Fed’s view was strengthened today after the release of these data, confirming Powell’s statements that the time has come to reduce the rate of increase in the coming period, especially after the increase in unemployment benefits, which means that the country is headed for a recession.

The markets interacted with the unemployment data as they now rose after falling in morning trade, while falling after the data was released after hitting highs.

Unemployment data

And it recorded a rise to 230,000 applications, meaning it came in line with experts’ expectations. Especially since it recorded 226 thousand last week.

So, in 4 weeks it rose to 230 thousand.

This weekly indicator provides very timely data, identifying the number of individuals who have claimed unemployment insurance for the first time in the past week and traders view the unemployment rate as a simple indicator of the future performance of the economy. The two downward trends have a positive effect on the country’s currency, as working people tend to spend more money.

markets now

gold now

The US dollar rose in the current moments, at levels near $1791 per ounce, by 0.3%.

On the other hand, futures for the yellow metal jumped strongly during these moments of today’s trading, equivalent to 0.3%, rising to levels near $ 1804 per ounce.

dollar now

The dollar has now interacted with the just released unemployment data and has now recorded levels of 104.9, down around 0.15%.

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Bond now

While the 10-year yield increased by about 1.21%, to a record 3.449%.

oil now

US Nymex Light crude rose sharply during these moments to levels of $75.2 per barrel, up 4.6%.

On the other hand, it rose to levels of $79, by 2.4%, during these moments of today’s trading.

The dollar and gold before the data

The dollar index, which tracks the greenback against a basket of six other currencies, rose 0.25% to 105,300.

While the spot fell 0.2% to $1783.11 an ounce, it fell 0.2% to $1795.15 an ounce.



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