📊 US Data Preview – Market Impact
🔥 Average Hourly Earnings
* Above Expectations
Gold: 📉
Crypto: 📉 (Risk-off, Strong USD)
* Below Expectations
Gold: ↗️
Crypto: ↗️ (Rate-cut hopes)
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🔥 Non-Farm Payrolls (NFP)
* Above Expectations
Gold: 📉
Crypto: 📉 (Strong economy = USD up)
* Below Expectations
Gold: ↗️
Crypto: ↗️ (Weak data = rate cuts possible)
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🔥 Unemployment Rate
* Below Expectations
Gold: 📉
Crypto: 📉 (Tight labor market → no rate cuts)
* Above Expectations
Gold: ↗️
Crypto: ↗️ (Soft economy = risk assets rise)
📍 Quick Summary:
* Strong Data = USD ↑ → Gold & Crypto 📉
* Weak Data = USD ↓ → Gold & Crypto ↗️