📊 Key Nonfarm Payroll Data



- Unemployment Rate: 4.2% (Previous 4.3%, Expected 4.3%) → Lowest since June 2025
- Nonfarm payrolls and wage data not included, but the decline in unemployment rate alone is enough to trigger market reaction

💹 Immediate Asset Reaction

Asset Direction Current Status
Dollar Index DXY ↓ -30pips, at 100.85
Spot Gold (XAU/USD) ↑ Surging to $4,120/oz (+2.20%)
US 10-Year Treasury Yield ↓ -1.76bp, at 4.457%

① Data Interpretation – "Soft Landing" Rather Than "Recession" Signal

Slight decrease in unemployment rate + small drop in yield → Labor market remains tight but not deteriorating sharply, Fed's urgency to cut rates has not significantly increased, nor has it strengthened the expectation of no cuts. The weakening dollar is mainly due to the market still betting on 1-2 rate cuts within the year, with gold reacting first.
USIDX-0.14%
GLDX1.15%
PAXG2.15%
XAUUSD0.98%
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