Falling Yields Obstruct USD Rally for now

by Ashraf Laidi

Aug 1, 2014 19:25

The three elements of disappointment in today's jobs report emerged from the 209K in July NFP (vs expected 230K & previous 298K), the 6.2% unemployment rate (first increase in five months) and soft average hourly earnings (2.0% y/y vs expected 2.2%) are sufficient in allaying fears of premature Fed hike. But here are 5 positives.

Click To Enlarge

Act	Exp	Prev	GMT
Unemployment Rate (JUL)
6.2%	6.1%	6.1%	Aug 01 12:30
Average Hourly Earnings (m/m)
0.0%	0.2%	0.2%	Aug 01 12:30

Latest IMTs

• Why I Bought Gold & Silver
  by Ashraf Laidi | Jan 9, 2026 16:53
• Beware of US Supreme Court Ruling on Tariffs
  by Ashraf Laidi | Jan 8, 2026 19:38
• Falling to 11 Percent
  by Ashraf Laidi | Jan 7, 2026 20:28
• Dollar Cannot Wait for Q1 to End
  by Ashraf Laidi | Jan 6, 2026 12:40
• Silver's Signal to Gold Full Explanation
  by Ashraf Laidi | Dec 30, 2025 20:04