#Gate股票转仓功能上线 Non-farm payrolls below expectations, nice. Emergency brief on CAD/USD, gold, and semiconductors.



The ghost story of rate hikes has finally been put aside with the unexpectedly poor non-farm data. We maintain the view that there will be no rate hikes this year, and even a surprising rate cut is possible. The data is just paving the way, and the US-Iran ceasefire is the same.

Semiconductors are afraid of opening high but then getting sold off. It started with a drop, which is great because it sets the stage for a V-shaped reversal today.

Gold’s bottom formation is basically confirmed. There may be a small pullback. Next level: 418. Short-term maximum resistance is at 432.

CAD/USD has reached the second resistance level mentioned today: 62. If it pulls back and holds at 61, it will continue higher, targeting 637.

Today the brave eat meat.
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