Post

September 5: Bitcoin plunges with help from nonfarm payrolls; Ether dives but has not turned bearish; gold trend analysis$XAUUSD $ETH

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
XAUUSDXAUUSD-0.95%
ETHETH-2.35%


Add a comment
Add a comment

Comment
ThisIsTranslateContent:Dai
2 hours ago
September Rate Hike Imminent, Pricing Anchor for Global Risk Assets Is Breaking

The FOMC meeting on September 15–16 is no longer about whether the Fed will raise rates. August nonfarm payrolls increased by 162,000, nearly three times market expectations, while the prior figure was revised up by a cumulative 55,000; the unemployment rate held steady at 4.1%—as long as employment does not cool, inflation will not come down, making Waller’s “price first” remarks at Jackson Hole not a posture but a preview. The current federal funds rate is only 3.50%–3.75%, while the 30-year U.S. Treasury yield briefly surged above 5.2%. With the risk-free rate higher than the S&P 500’s earnings yield, the logic of funds flowing back from stocks into bonds is already in place. If the August CPI on September 11 remains sticky, a 25-basis-point rate hike is merely a matter of time. The consequences will be chain-linked: a stronger dollar, capital outflows from emerging markets, pressure on gold and commodities, and high-valuation technology stocks bearing the brunt; Japanese and European government bond yields are also rising in tandem, with mark-to-market losses on long-duration assets forcing deleveraging. Combined with September’s historical status as the weakest month for U.S. stocks and policy disruptions in a midterm election year, the window for a correction in global risk assets has opened. Cash is king: reduce exposure first, then talk about direction.
0View Original
GateUser-e8258891
2 hours ago
First Review
On September 5, Connecticut Attorney General William Tong issued a consumer alert stating that unregulated offshore DeFi crypto trading platforms may expose retail investors to the risks of financial loss, high leverage, and security risks. The alert listed GMX, Gains Network, dYdX, Aevo, Drift Protocol, Vertex Protocol, and Hyperliquid, and advised consumers to confirm whether a platform is regulated in the United States before depositing funds. The alert also disclosed that a Connecticut resident was persuaded by someone claiming to know them to deposit $200k into an unregulated DeFi crypto trading platform and is currently unable to recover the funds. The alert did not specify which of the aforementioned platforms was involved.
0View Original
View More