US Jobs Shock — Gold & Bitcoin Under Pressure
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The U.S. jobs report just delivered a clear hawkish surprise.
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NFP: 165K vs 65K expected
Wage Growth: 0.4% vs 0.3%
Unemployment: 4.1% vs 4.2%
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All three numbers point in the same direction: a stronger labor market and firmer wage pressure.
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For me, that strengthens the case for the Fed to stay restrictive for longer.
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My immediate reaction:
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DXY → Bullish
Gold → Bearish
$BTC → Bearish
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I expect short-term selling pressure on Gold and Bitcoin, although the first move after NFP can easily produce sharp reversals and False Breakouts.
⠀
Do you think this jobs report starts another Risk-Off move — or will Gold and Bitcoin recover quickly?
⠀
#NFP
⠀
The U.S. jobs report just delivered a clear hawkish surprise.
⠀
NFP: 165K vs 65K expected
Wage Growth: 0.4% vs 0.3%
Unemployment: 4.1% vs 4.2%
⠀
All three numbers point in the same direction: a stronger labor market and firmer wage pressure.
⠀
For me, that strengthens the case for the Fed to stay restrictive for longer.
⠀
My immediate reaction:
⠀
DXY → Bullish
Gold → Bearish
$BTC → Bearish
⠀
I expect short-term selling pressure on Gold and Bitcoin, although the first move after NFP can easily produce sharp reversals and False Breakouts.
⠀
Do you think this jobs report starts another Risk-Off move — or will Gold and Bitcoin recover quickly?
⠀
#NFP
