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There were enough jobs, but not so much

There were enough jobs, but not so much | 05 Juli 2021

05 Juli 2021, GBP/USD

There were enough jobs, but not so much

GBPUSD trading plan:

The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was down 1.7 basis points at 0.24%.Nonfarm payrolls increased by 850,000 jobs last month after rising 583,000 in May, the Labor Department said in its closely watched employment report on Friday. The unemployment rate rose to 5.9% from 5.8% in May. Investors have feared a stronger-than-expected recovery and the prospect of surging inflation that could force the Fed to pare its support and raise rates. There were enough jobs, but not so much that the Fed may have to act sooner.

Investment idea: buy 1.3810 and take profit 1.3880.

David Johnson
Analyst of «FreshForex» company
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