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Jackson king
The US non-farm payroll data was released, showing a rather dovish performance, to the extent that the market faces a risk of recession.
Short-term market impact: slightly positive for $BTC, $XAU gold, and growth stocks; slightly negative for the US dollar and US Treasury yields.
The reason is simple: this data basically undermines the logic that "US employment is still strong," especially with wage growth cooling down. The market doesn't need to worry about Fed rate hikes in the short term.
DYOR!
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