GBP/USD Bounces Back Strongly Above 1.2800 As US NFP Disappoints
GBP/USD rises above 1.2800 on disappointing US NFP and higher jobless rate. The USD Index posts a fresh four-month low near 103.30 after a weak labor market report. The BoE commenced its policy-easing campaign on Thursday.
Gold-Stock Tipping Point
The gold miners’ stocks look to be nearing a crucial psychological tipping point. After years of mostly being ignored, this small contrarian sector seems on the verge of roaring back into favor.
Mounting US Job Fears To Push The Fed Into Action
Everything was weak in the July jobs report. The one crumb of comfort is that the jump in the unemployment rate is being caused by surging labour supply rather than workers being fired.