Gold 3 May
Yesterday: JOLTs job opening its labor market data is lower which is deflationary, which means FED can’t increase interest rates but for this one for today we should be expecting 25 basic points.
Today there is FED and FOMC, be careful with the market since it tends to behave weird and consolidate before data.
Also non manufacturings are coming so pay attention to all of them but specially to a higher than expected reading should be bad for gold and a lower value should be a buy for gold.
Also supporting a buy on gold is the decreasing of the treasury yields because of deflationary data, deepening banking crisis, increasing unemployment, contracting the economy. For also supporting the ell we should see high treasury yields because of inflationary data and expanding the economy.
Today there is FED and FOMC, be careful with the market since it tends to behave weird and consolidate before data.
Also non manufacturings are coming so pay attention to all of them but specially to a higher than expected reading should be bad for gold and a lower value should be a buy for gold.
Also supporting a buy on gold is the decreasing of the treasury yields because of deflationary data, deepening banking crisis, increasing unemployment, contracting the economy. For also supporting the ell we should see high treasury yields because of inflationary data and expanding the economy.
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