Strong Jobs Numbers And The Moves Yesterday All About China And US Relations

(Audio length 00:15:03)

Chris Temple and I discuss the US jobs data released today that was strong accords the board. Most importantly was the wage growth numbers that are now growing at 3.1% y/o/y. This will further drive inflation expectations and make the Fed stick to its rate hiking path. As for the moves yesterday, the big drop in the USD and bounce for the markets, we can thank the tweet and news stories around Trump about a possible deal being struck with China. These are all rumors as we will have to wait for the G20 meeting to see if anything comes out of it. Take note though, if there is a deal the dollar should drop and markets around the world and many of the metals will get a buy.