ADP is coming right away—go take a look.
If the released figure is > the previous value by 1.2 (data is stronger)
This indicates economic growth is higher than expected. The market will further reinforce expectations that the Fed will keep interest rates high, or even raise rates. US Treasury yields and the US dollar are likely to strengthen, which is a short-term negative for gold; the gold price may face downward pressure and fall back.
If the released figure is < the previous value by 1.2 (data is weaker)
This reflects economic momentum coming in below expectations. The market will cut back rate-hike expectations. The US dollar and Treasury yields will face pressure. This is positive for gold, and the gold price has a chance to rebound and recover.
If the data is roughly in line with the previous value
The impact on the trading screen will be limited. It won’t change the current range-bound pattern. Gold will continue to maintain its existing range, continuing to “wash” within the band, and the market focus will remain waiting for the Fed’s decision early Thursday morning.
#美联储加息是否已成定局 $XAU
If the released figure is > the previous value by 1.2 (data is stronger)
This indicates economic growth is higher than expected. The market will further reinforce expectations that the Fed will keep interest rates high, or even raise rates. US Treasury yields and the US dollar are likely to strengthen, which is a short-term negative for gold; the gold price may face downward pressure and fall back.
If the released figure is < the previous value by 1.2 (data is weaker)
This reflects economic momentum coming in below expectations. The market will cut back rate-hike expectations. The US dollar and Treasury yields will face pressure. This is positive for gold, and the gold price has a chance to rebound and recover.
If the data is roughly in line with the previous value
The impact on the trading screen will be limited. It won’t change the current range-bound pattern. Gold will continue to maintain its existing range, continuing to “wash” within the band, and the market focus will remain waiting for the Fed’s decision early Thursday morning.
#美联储加息是否已成定局 $XAU
