Nonfarm payrolls shocker! Rate cut expectations maxed out.


Family, the just-released nonfarm payrolls data is a complete shock. June saw only 57k new jobs added, far below the expected 113k. Employment data for the previous two months was also revised down by 74k. The economy is weaker than imagined.
Rate cut expectations are fully priced in, which is a genuine positive for risk assets. Hold onto your chips and don't get shaken out by short-term volatility. #XAU $XAU
XAU1.99%
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