GOLD WSJ Nick Timiraos said the September jobs report could close the door on another 50 bps rate cut by the Fed next month and keep officials on track for a 25 bps rate cut. The Fed took a larger 50 bps rate cut last month amid tame summer inflation data and signs of a cooling labor market.
GOLD The U.S. unemployment rate in September was recorded at 4.1%, lower than the expected 4.2%, and the previous value was 4.2%. The seasonally adjusted non-farm payrolls in the U.S. for September were recorded at 254,000, significantly higher than the expected 140,000.
US500 I believe we have just seen the for now high of today, as i see 5717 as the high... I believe it will now go down from here and retest 5698, assuming geopolitical tensions dont worsen.... If we indeed get another bullrun, this low would be a perfect entry in my opinion. No investment advised of course, but this is what i see ;) so short it is for now...