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Market News

Gold Jumps, US Dollar Drops on NFP Miss, Fed Tapering Still a Done Deal

USD, NFP Price Analysis & News: US NFP 194k vs 500k, Prior Reading Revised Higher. Unemployment Rate Drop Overstated by Labour Force Dip. Fed Tapering a Done Deal. NFP MIXED AS HEADLINE MISSES, REVISION UPGRADED, WHILE UNEMPLOYMENT RATE BEATS A much weaker than expected NFP headline at 194k vs 500k, while the prior reading had been revised higher to 366k from 235k. The unemployment rate fell 0.4ppts to 4.8% dropping below expectations of 5.1%. Now while the
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