Premium Club Bonus

Enjoy up to an
Extra 20% Deposit Bonus

this page

First US Jobs Report for 2023 posts solid numbers, stocks rally


Last Week Risers & Fallers:

Nasdaq (US100) The Nasdaq increased 2.56% on Friday after stocks rallied after a positive US jobs report. The index closed at 10,569.29.

Amazon Inc. (NASDAQ: AMZN) –  Amazon stocks increased 3.56% on Friday, closing at $86.08 per share. Amazon stocks dipped by 49% in the last year, however, analysts are bullish for the stock.

Gold – The gold price increased 1.62% and is trading at $1,870.50. The stronger jobs report was the main driver of the increase. Gold booked a 2% gain for the week.

EURUSD – EURUSD increased 1.182% to 1.0648. Eurozone CPI declined as a result in reduced gas prices, however, the overall inflation is still at record high levels.

Major events to watch:

Australia (AUD): Retail Sales (MoM) – Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the leading indicator of consumer spending, which accounts for the majority of overall economic activity. Last month’s number was -0.2%.

The report is due Wednesday, 11 January at 00:30 GMT

USA (USD): US Consumer Price Index (CPI) – The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.  Last month’s CPI was 0.1, worse than the forecast of 0.3%.

The report is due Thursday, 12 January at 13:30 GMT

UK (GBP): GDP (QoQ) – Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. The last GDP was 0.5%, better than the forecast of 0.4%.

The report is due Friday, 13 January at 07:00 GMT

Vantage does not represent or warrant that the material provided here is accurate, current, or complete, and therefore should not be relied upon as such. The information provided here, whether from a third party or not, is not to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any financial instruments; or to participate in any specific trading strategy. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. We advise any readers of this content to seek their own advice. Without the approval of Vantage, reproduction or redistribution of this information is not permitted.

Trading Experience Plus


Fast & easy account opening

  • Register

    Choose an account type and submit your application

  • Fund

    Fund your account using a wide range of funding methods

  • Trade

    Access 500+ instruments across all asset classes on MT4/MT5

That's it, it's that easy to open a Forex and CFD trading account.
Welcome to the world of trading!
Open Live Account

Contact Us

  • General Enquiries

    We are here to provide you with a successful trading journey from account opening to funding and trading.

    [email protected]
  • Premium Clients

    If you are interested in becoming a premium to unlock your extra services as a high-volume trader or joining Vantage Club, please email us below.

    [email protected]