š US Data Preview ā Market Impact
š„ Average Hourly Earnings
* Above Expectations
Gold: š
Crypto: š (Risk-off, Strong USD)
* Below Expectations
Gold: āļø
Crypto: āļø (Rate-cut hopes)
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š„ Non-Farm Payrolls (NFP)
* Above Expectations
Gold: š
Crypto: š (Strong economy = USD up)
* Below Expectations
Gold: āļø
Crypto: āļø (Weak data = rate cuts possible)
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š„ Unemployment Rate
* Below Expectations
Gold: š
Crypto: š (Tight labor market ā no rate cuts)
* Above Expectations
Gold: āļø
Crypto: āļø (Soft economy = risk assets rise)
š Quick Summary:
* Strong Data = USD ā ā Gold & Crypto š
* Weak Data = USD ā ā Gold & Crypto āļø