Latest Employment Situation Data, U.S. Dollar (/DX) & Gold (/GC) Correlation

The Employment Situation Summary was released today. Larry Shover, Chief Investment Officer of D. Alexander Capital, weighs in on the details, including the unemployment rate dropping from 5.9% to 5.8%. He then discusses the U.S. Dollar (/DX) and its correlation to Gold (/GC) and Copper (/HG). Lastly, he talks about Bitcoin (/BTC) and how its momentum on social media has recently been dwindling. He believes that the way to invest in Bitcoin is to pay attention to technical analysis experts.

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04 Jun 2021

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Latest Employment Situation Data, U.S. Dollar (/DX) & Gold (/GC) Correlation

The Employment Situation Summary was released today. Larry Shover, Chief Investment Officer of D. Alexander Capital, weighs in on the details, including the unemployment rate dropping from 5.9% to 5.8%. He then discusses the U.S. Dollar (/DX) and its correlation to Gold (/GC) and Copper (/HG). Lastly, he talks about Bitcoin (/BTC) and how its momentum on social media has recently been dwindling. He believes that the way to invest in Bitcoin is to pay attention to technical analysis experts.

Futures

04 Jun 2021