Strong employment data boosts rate hike bets, gold falls below $4,400 — this is the signal given by the headline reported by finance.biggo.com, and rate hikes remain the expectation.
The news index time given is Beijing time Sept. 7 at 10:35, so it cannot be treated as the time the employment data was released.
I think that this week BTC and SPY need to guard against tighter rate expectations, but the headline does not provide prior pricing, so it is impossible to quantify the change in expectations.
If labor market resilience leads the market to raise rate hike expectations, expectations for USD funding costs may rise.
Higher funding costs would squeeze risk appetite, in turn weighing on BTC demand and putting pressure on SPY valuations.
Another interpretation is that strong employment also means economic demand has support, and corporate earnings may cushion interest rate pressure.
So gold remaining under pressure is not enough to confirm that risk assets will keep weakening; if later policy statements turn more dovish and the dollar and U.S. Treasury yields retreat, this pressure logic will weaken.
$BTC $SPY #美联储 #central bank policy
The news index time given is Beijing time Sept. 7 at 10:35, so it cannot be treated as the time the employment data was released.
I think that this week BTC and SPY need to guard against tighter rate expectations, but the headline does not provide prior pricing, so it is impossible to quantify the change in expectations.
If labor market resilience leads the market to raise rate hike expectations, expectations for USD funding costs may rise.
Higher funding costs would squeeze risk appetite, in turn weighing on BTC demand and putting pressure on SPY valuations.
Another interpretation is that strong employment also means economic demand has support, and corporate earnings may cushion interest rate pressure.
So gold remaining under pressure is not enough to confirm that risk assets will keep weakening; if later policy statements turn more dovish and the dollar and U.S. Treasury yields retreat, this pressure logic will weaken.
$BTC $SPY #美联储 #central bank policy
