Unemployment in the US has surged to 261k, previously 233k and the continuous jobless claim stands at 1757k previously 1794k. The report has negatively affected the US dollar thus lessening its market clout.
As per the chart, an instant downtrend for the USDJPY and a sharp upward trajectory for the XAUUSD emerged after the report.
NB: A serious forex trader cannot afford to ignore fundamental analysis.
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