Major alert! At 20:30, the non-farm payroll data will be released, and gold and BTC are about to see a large surge in volatility.

Friends, the key non-farm payroll data will be announced at 8:30 tonight!

This data will directly determine the direction of the Fed’s rate hikes in July, and it will also be the first critical market test since Warsh took office as chair.

In the past two days, market signals for both buyers and sellers have been completely conflicting:
ADP employment data came in at 98.0K, the lowest in nearly three months, showing clear signs of weakening;
Warsh’s remarks are relatively dovish, mentioning that inflation pressures have eased somewhat;
However, official Hamack had previously issued hawkish remarks, and another rate hike can’t be ruled out.