Gold Trader

June 7th 2021

Gold seeing early selling pressure in Asian markets.

Was the NFP for May really that bad? Yes it was a data miss of expectations. But over 559,000 jobs is not such a bad number, particularly when you take it in tandem with a drop in the unemployment rate to 5.8% from 6.1%

The initial market reaction by traders was to dump the dollar. But will they be right to sell dollars for Gold this week and going forward?

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Published by Neil Callard

Forex Trader and Educator. 30 years trading experience, of which 20 years was market making in major currencies in large international financial institutions.

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