Yesterday’s delayed January employment report was surprisingly strong, led by a sharp rise in non-farm payrolls (NFP). Investors had a chance to review a fresh batch of US data, and risk appetite headed higher as the US Dollar has retreated against the major currencies, while equity markets are pointing higher.
Weak US Retail Sales Data Sent US Yields, Dollar Lower; USD/JPY Falls Strongly for 3rd Day; Global Stocks Hit Record High, but Major US Indices Mostly Subdued, Asia Doing Best; Gold Holds Above $5k on US Rate Cut Hopes; Bitcoin Remains Held by Resistance