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Business / Finance

XAU/USD ahead of NFP

MQL5: Blogs Traders 01.02.2019 at 11:49

Blogs traders and analyst of financial markets

The Dollar slipped lower on Friday, as gold prices continue to rise.

Investors are waiting for the publication (at 13:30 GMT) data from the us labour market in January. These data (together with data on GDP and inflation) are crucial for the Central Bank, including the fed in determining the direction and pace of monetary policy.

Expected strong figures despite the fact that the number of new jobs in non-agricultural sector of the us economy in January rose by 165,000 (after the growth of the same indicator in December at 312 000). The increase in the number of jobs above 150 000 per month is a good indicator. However, unemployment will remain at a minimum for many years levels (3.9 percent).