NFP result was VERY VERY POOR result for the US economy.
266,000 jobs only!!!! versus 1,000,000 that was expected
unemployment rose to 6,1% from 5,8% that was expected
IN ADDITION TO THIS and maybe even most importantly, the ''Average Hourly Earnings' ie the ''Change in the price businesses pay for labor,'' has risen dramatically by 0,7% from 0,0% that was expected, which means one thing only:
I N F L A T I O N
-Bad for dollar
-Good for Gold and Silver (thus buying silver )
- Bad for most stocks
-Good only for stocks that benefit from inflation
- PROBABLY GREAT FOR BITCOIN!!!
266,000 jobs only!!!! versus 1,000,000 that was expected
unemployment rose to 6,1% from 5,8% that was expected
IN ADDITION TO THIS and maybe even most importantly, the ''Average Hourly Earnings' ie the ''Change in the price businesses pay for labor,'' has risen dramatically by 0,7% from 0,0% that was expected, which means one thing only:
I N F L A T I O N
-Bad for dollar
-Good for Gold and Silver (thus buying silver )
- Bad for most stocks
-Good only for stocks that benefit from inflation
- PROBABLY GREAT FOR BITCOIN!!!
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🌐FOREX SPECIAL: fxprofessor.com/forex-special 💡💙💬 Public Telegram: www.t.me/fxprofessor88 💎