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Looking purely at the data for September's unemployment rate and non-farm payrolls, the current market expectations are 4.1% and 90,000 jobs, respectively. Generally speaking, if the unemployment rate exceeds 4.1% and payrolls fall below 90,000, it would reduce the likelihood of rate hikes, which is positive for risk markets. If today's data surprises to the downside and lowers the market's expectation for two more rate hikes, that would be the best outcome. This surprise could potentially come from revisions to historical data. Looking solely at gold prices, the market seems to have overreacted to rate hike expectations. Personally, I think dovish data tonight that further corrects market bias would be a better outcome. After all, there’s still plenty of time before the next FOMC meeting. There’s no need to keep scaring the market for an extended period—keeping the tension too high could backfire. Let’s enjoy a few good days to relax, and there’s still time to pull the 'wolf is coming' trick two weeks before the meeting. @BITstocks_CN Buy U.S. stocks on BIT—10,000+ U.S. stocks and ETFs, real holdings, and enjoy dividend payouts.
