7 Aug 2026, 13:43 UTC16 views1 reactionsread 7 August 2026 Photo
🟡 Gold Rallies on Weak Jobs Data
Gold jumped after US nonfarm payrolls unexpectedly fell by 23,000 in July, reinforcing concerns over a slowing labor market. The weak report reduced expectations for a September Fed rate hike, pushing Treasury yields and the dollar lower while supporting bullion.
📊Technically, momentum remains bullish. Gold briefly tested $4,370 before easing toward $4,350–$4,360. A sustained break a…
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7 Aug 2026, 13:19 UTC20 views1 reactionsread 7 August 2026 Photo
🇺🇲 Treasury Yields Fall After Jobs Report
US Treasuries rallied on Friday as weak July employment data reduced expectations for further Federal Reserve tightening.
The 2-year Treasury yield fell 8 basis points to 4.16%, while the 10-year yield declined 6 basis points to 4.62%.
⏺Following the report, traders cut the probability of a September Fed rate hike to around 40%, from nearly 60% beforehand. Markets still see …
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7 Aug 2026, 13:17 UTC20 viewsread 7 August 2026 🇺🇸US Labor Market Weakens
The US labor market showed further signs of slowing in July, with nonfarm payrolls unexpectedly declining by 23,000. May and June figures were also revised lower by a combined 103,000 jobs, indicating weaker hiring than previously estimated.
💬The unemployment rate fell to 4.1%, partly due to labor force participation dropping to 61.4%. Wage pressures also eased, with average hourly earnings…
7 Aug 2026, 12:31 UTC23 viewsread 7 August 2026 #MarketUpdate
🇺🇸US Average Hourly Earnings (MoM) (Jul)
Actual: 0.1%
Forecast: 0.3%
Previous: 0.3%
🇺🇸US Nonfarm Payrolls (Jul)
Actual: -23K
Forecast: 85K
Previous: 20K
🇺🇸US Unemployment Rate (Jul)
Actual: 4.1%
Forecast: 4.2%
Previous: 4.2%
7 Aug 2026, 06:40 UTC34 views1 reactionsread 7 August 2026 Video
#Economic_Calendar
🗓Click here to learn more about today's important economic events!
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7 Aug 2026, 06:20 UTC32 viewsread 7 August 2026 #MorningBrief
🇮🇱 Trump said Iran talks are progressing, potentially ending the war and lowering gas prices.
😏Warsh may hike rates in September if inflation stays high.
🇯🇵Japan's reserves fell to a 16-month low of $1.287T.
🛢Brent topped $83, while crude neared $78 amid the Iran-Oman Hormuz deal.
🇨🇳Chinese investors added over $1B to gold ETFs during a 14-day buying streak.
6 Aug 2026, 11:17 UTC49 viewsread 7 August 2026 Photo
📊Last month's NFP came in at 57K, signaling a slowdown in the U.S. labor market. This time, economists expect around 80–85K new jobs.
📈A stronger-than-expected report could boost the USD and pressure Gold.
📉A weaker reading could weigh on the USD and support Gold.
Will NFP surprise the markets again❓
6 Aug 2026, 11:10 UTC47 viewsread 7 August 2026 🟠Market Round-Up:
🇺🇸US Begins $100 Billion Tariff Refunds
US Customs and Border Protection (CBP) has started processing around $100 billion in refunds for tariffs imposed under the Trump administration that were later ruled unlawful by the US Supreme Court. As of July 31, importers had submitted 252,496 refund claims totaling $128.68 billion. The approved refunds, including interest, have now been forwarded to the US…
6 Aug 2026, 06:31 UTC44 viewsread 7 August 2026 Video
#Economic_Calendar
🗓Click here to learn more about today's important economic events!
6 Aug 2026, 06:31 UTC45 viewsread 7 August 2026 #MorningBrief
🇮🇷🇴🇲Iran and Oman finalized a Hormuz reopening draft, pending Mojtaba Khamenei's approval.
🛥The draft would give Iran control over ships entering the Persian Gulf via Hormuz.
🥇 Gold rose for a fourth straight session to a seven-week high.
👎 Oil fell as Iran-Oman talks raised hopes of reopening Hormuz and easing US-Iran tensions.
5 Aug 2026, 14:33 UTC59 viewsread 7 August 2026 #MarketUpdate
🇺🇸US Crude Oil Inventories
Actual: 2.479M
Forecast: -1.500M
Previous: -7.167M
5 Aug 2026, 14:00 UTC62 viewsread 7 August 2026 #MarketUpdate
🇺🇸US ISM Non-Manufacturing Prices (Jul)
Actual: 70.3
Previous: 67.7
🇺🇸US ISM Non-Manufacturing PMI (Jul)
Actual: 54.1
Forecast: 54.5
Previous: 54.0
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