After Robust US Jobs Data Focus Shifts To US Inflation Data

Friday’s US jobs data wasn’t exactly what investors had wished for. The US unemployment rate printed last Friday was the lowest number since 1969 and came as another proof that whatever the Fed does, the US jobs data remains robust.

As a result, the Fed hawks came back in force following the US jobs data on Friday. The US yields and the US dollar rose, equities and gold fell.
Investors are focused on US inflation data this week.

Elsewhere, crude oil continues rising whereas Joe Biden tries everything to reverse the rally, and the US earnings season kicks off with US big bank earnings.

TSM will also reveal its Q3 results, but expectations are soft after Samsung announced 32% drop in its operating income and AMD warned they will miss estimates.

Watch the full episode to find out more!

• 0:00 Intro
• 0:33 US jobs data was too robust…
• 2:41 Focus shifts to US inflation data
• 4:48 Swiss franc, gold down
• 5:40 Crude oil up
• 7:32 US earnings season kicks off with big bank, TSM earnings

Ipek Ozkardeskaya

Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.

#US #jobs #data #NFP #unemployment #wages #Fed #USD #EUR #GBP #Gold #XAU #crude #oil #XOM #Tilray #pot #stocks #Biden #US #bank #earnings #season #AMD #TSM #Nvidia #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary

___

Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr

___

Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5

___

Let's stay connected: LinkedIn: https://swq.ch/cH