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Down on the week

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Miguel A. Rodriguez
Miguel A. Rodriguez
11 October 2021
Dollar creeps higher ahead of U.S. jobs report
  • #XAUUSD futures closed lower, giving back earlier gains seen on the back of employment data from the Labor Department that revealed the U.S. economy created a lot fewer jobs than expected in September
  • British Prime Minister Boris Johnson has recruited former Tesco boss Dave Lewis as an advisor, tasking him with fixing the country's supply chain problems that have hit the economy
  • The #DXY edged higher versus major peers but within a narrow range as traders awaited clues from the U.S. non-farm payrolls report on the pace of Federal Reserve policy normalization
  • #USDJPY rose 0.5%
  • #WTIUSD gained 0.9%

 

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.