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Well, currently it is hard to disagree. This man is working hard to move the market every day at his own will. Powell is basically Poweless if you understand.
#trading#forex#xauusd
Looks like Elon is officially deploying the X clean up playbook towards the government…
Elon fired 80% of X employees within months of him taking over.
2.7M people work for the Federal Government which amounts to $400B in wages.
It seems rather likely that unemployment is going to show a move higher if Elon is serious about this, and if it does, the 8M “jobs” available via JOLTS will come into question as new job openings may attempt to be filled.
If those jobs aren’t real, we may just see higher unemployment…which means the Fed may end up cutting rates sooner.
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There are a number of reasons why this area became the best demand during NFP last Friday and I am sure many cannot exactly tell me why.
PS: Its not random
#NFP#XAUUSD#Gold
@KobeissiLetter Well, we are in a total uncertainty period compared to the stability period where economic data used to play a significant role.
Till this uncertainty exists and no one wants to make a proper stand, gold will continue rising.