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ZN1!

Bond Market Reacts to Nonfarm and FedBonds fell again, hitting our next target at 115'29. Yields are creeping up as the markets are pricing in the next rate hike, expected to be 50-75 bps . Nonfarm payrolls gave us some insight into economic conditions: unemployment rose to 3.7%, with a headline miss and downward revision. This suggests that the economy is weakening further, and we are in a period of stagflation. Yields subsequently weakened and we are seeing a slight pivot off 1529. If we rally, we could hit 116'20 or even 117'08. If the figures are hotter than expected it should bolster the Fed's hawkish rhetoric and we could break through 115'29, to 115'03.
CBOT:ZN1!Short
by quantguy
Potential Long on GOLD after nice pullback. I've managed to catch a nice pullback on gold and expected the bearish will soon. Next, we are expecting gold to continue on bullish movement as it finishes doing some pullback. There are pretty interesting key levels to watch especially on a daily timeframe and we need to pay extra attention to this key level to whether gold will continue downward or start to climb back as on rejection on the weekly trendline (blue line). Overall I am biased on bullish on gold. Levels of entry SL and TP are as on the chart. Trade safe and take care everyone.
FX:XAUUSDLong
by fakhruddinradi
Employment Data Hammers BondsBonds crept up but are facing resistance. After ZN tested highs at 121'28, and retraced, it started to establish value between 119'23 and 121'00. The latter has provided prohibitive resistance, as we have discussed this week, and we have seen a rejection, continuing the sideways correction. We saw a wick down to 119'23, where we found support, at first, but we subsequently broke through to the vacuum zone below. This follows Non Farm Payrolls coming in at a surprise beat, with unemployment at 3.5%. Expect support at 119'01.
CBOT:ZN1!Short
by quantguy