NFP Came in At 224.000 Beating Forecasts

NFP Came in At 224.000 Beating Forecasts. Analysts’ consensus was for 140,000 jobs in June, having added 75,000 jobs in May.

The unemployment rate came in at 3.7% vs 3.6 percent  expected

Average hourly earnings Month over Month came in at  0.2 percent  vs 0.3 percent expected. The previous month was 0.3% vs 0.2%

Average hourly earnings Year on Year came in at 3.1% versus 3.2% expected.

EURUSD reacted with a sharp drop to 1.1243, USDJPY hitting thew daily high at 108.45, while the Pound gives up 0.45 percent approaching the June low at 1.2507

Gold breaks below 1,400.Don’t miss a beat! Follow us on Twitter.