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U.S Jobs report data
The investors attentions turned today to main important
data from the U.S economy
payrolls 214K vs. 231K forecast
The US Labor department
showed in its monthly report of October that the non-farm payrolls recorded
214,000, which is lower than the analysts expectations (231,000), and lower
then the September reading of (241,000)
Following the release of this negative
data, the US Dollar index retreated against the Euro and other major rivals,
while the Gold futures extended gains after jobs data.
*Unemployment Rate 5.8 % vs 5.9 %
On the other hand, the
unemployment rate showed a positive data
The unemployment rate declined
to 5.8%, which is the lowest level in 6 years, and reflects another healthy
increase in hiring that refers to a firm U.S economic growth. Accordingly, the
US Dollar index, despite the slight retreat, it remains strong.