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#GateSquareAprilPostingChallenge
Critical US employment data has been released ๐
โข Non-farm payrolls (NFP) exceeded expectations
โข Unemployment rate remained strong
โข Wage increases supported inflationary pressures
As a result of this data:
โ The dollar gained strength ๐ต
โ Gold and silver retreated in the initial reaction ๐ฅ
โ EUR/USD faced downward pressure
$GT โ$XAUUSD โ
Critical US employment data has been released ๐
โข Non-farm payrolls (NFP) exceeded expectations
โข Unemployment rate remained strong
โข Wage increases supported inflationary pressures
As a result of this data:
โ The dollar gained strength ๐ต
โ Gold and silver retreated in the initial reaction ๐ฅ
โ EUR/USD faced downward pressure
So in the short term:
๐ The dollar may remain strong
๐ Pressure on gold may continue
However, I don't think this will last very long. And #Gold #Silver and #EURUSD will recover soon.
$BTC $GT $SOL