The initial unemployment rate data in the United States was released last night. The data showed that it was 231,000, which was much higher than the expected 215,000 and the previous value of 208,000. It was the largest weekly increase in eight months. The four-week average of relatively low fluctuations in the number of weekly applicants rose to a more than two-month high, and the number of people applying for relief last week increased to 1.79 million, a new high in a month. Unemployment data once again paved the way for the Federal Reserve to cut interest rates, and the weak labor market provided a window for dovish sentiment for the Federal Reserve to cut interest rates. U.S. Treasury yields are losing momentum as the U.S. job market shows signs of slowing. The weakening labor market momentum has put the Fed's plans for two interest rate cuts this year back on the table. Financial markets expect the Fed to begin its easing cycle in September.
U.S. CPI data will be released next week. This year, U.S. CPI has grown faster than expected for five consecutive months, and core CPI has grown faster than expected for three months, severely damaging market expectations for interest rate cuts. After the meeting last week, Fed Chairman Powell denied that the next step in raising interest rates was likely, but the signal sent showed that the timing of interest rate cuts is more uncertain. The market expects that next week's U.S. CPI data will most likely be lower than expected. In addition, the United Kingdom announced an interest rate resolution yesterday, gradually releasing interest rate cut signals. Sweden has become the first country to cut interest rates. Various signals indicate that many countries around the world have begun to cut interest rates, and interest rate cut expectations have revived, pushing gold prices upward again.
In today's operation, it is recommended to do long positions mainly when gold falls back.
U.S. CPI data will be released next week. This year, U.S. CPI has grown faster than expected for five consecutive months, and core CPI has grown faster than expected for three months, severely damaging market expectations for interest rate cuts. After the meeting last week, Fed Chairman Powell denied that the next step in raising interest rates was likely, but the signal sent showed that the timing of interest rate cuts is more uncertain. The market expects that next week's U.S. CPI data will most likely be lower than expected. In addition, the United Kingdom announced an interest rate resolution yesterday, gradually releasing interest rate cut signals. Sweden has become the first country to cut interest rates. Various signals indicate that many countries around the world have begun to cut interest rates, and interest rate cut expectations have revived, pushing gold prices upward again.
In today's operation, it is recommended to do long positions mainly when gold falls back.
Trade active:
This week's profit has reached 150%. Contact me and you will see a screenshot of my profit. Facts have proved that I can do it. If you are still losing money, you can contact me.
Trade active:
I wish you all a happy weekend
Trade active
Trade active