The U.S. non-farm payrolls grew more than expected in November. However, markets appeared to be sticking to the Federal Reserve’s message of 50 basis points hike.
However, the greenback found support from the employment readings while the dollar index traded this morning right at 104. Gold started a steady week despite the strong economic data to trade above $1,800 per ounce.
On the other hand, crude oil gained over 2% this morning as China relaxed its COVID policy, with expectations that OPEC+ might maintain its current production levels. WTI traded above $81.50 while Brent trades above $87.40 per barrel.
This material provides real-time market analysis from contributing analysts. Please note that any views expressed in this material do not constitute operational advice. It is important to assess your risk tolerance and make independent trading decisions. STARTRADER holds no responsibility for any trading consequences that may arise from relying on the views expressed in this material.
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