This XDP is such a dud, guys
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#XDP
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Datlele
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Gold, BTC, US stocks turn lower after Nonfarm news
Last night, Nonfarm employment came in much lower than expected, and the unemployment rate unexpectedly rose, causing the probability of the Fed raising rates in October to drop further by 25% → 16%.
=> US Treasury yields cooled down, and gold, BTC, and US stocks turned green after the news.
But just after 1 hour, oil bounced up again by nearly 4%, pushing Treasury yields back up. Then the whole market reversed:
• Gold from $4K2 → $4K1, BTC fell back to the $84K area.
• US stocks reversed, but still closed the session in the green.
• The probability of the Fed raising rates again increased to 24%.
Last night, Nonfarm employment came in much lower than expected, and the unemployment rate unexpectedly rose, causing the probability of the Fed raising rates in October to drop further by 25% → 16%.
=> US Treasury yields cooled down, and gold, BTC, and US stocks turned green after the news.
But just after 1 hour, oil bounced up again by nearly 4%, pushing Treasury yields back up. Then the whole market reversed:
• Gold from $4K2 → $4K1, BTC fell back to the $84K area.
• US stocks reversed, but still closed the session in the green.
• The probability of the Fed raising rates again increased to 24%.
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