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🚨📝Data scheduled to be published at 19:00 hrs
9:00 USD Average Hourly Earnings (YoY) (YoY) (Dec) 4.0% 4.0% 19:00 USD Average Hourly Earnings (MoM) (Dec) 0.3% 0.4% 19:00 USD Nonfarm Payrolls (Dec) 164K 227K 19:00 USD Participation Rate (Dec) 62.5% 19:00 USD Private Nonfarm Payrolls (Dec) 135K 194K 19:00 USD U6 Unemployment Rate (Dec) 7.8% 19:00 USD Unemployment Rate (Dec) 4.2% 4.2% Gold Prices Set for Weekly Gain Amid Anticipation of US Jobs Data Gold prices remained near a four-week high on Friday, positioning for their best weekly performance since mid-November. Investors are closely watching upcoming U.S. jobs data to assess the Federal Reserve's potential pace of interest rate cuts throughout the year. ________________________________________ Treasury Yields and Market Dynamics Open Interest and Rising Yields Recent shifts in open interest data on US 10-year note futures show that traders have consistently increased their bets on higher yields daily since the start of the year. This trend has driven the 10-year yield closer to 5%, reflecting a growing appetite for bearish positions in the Treasury market. • 20-Year Yield: Surpassed 5% for the first time since 2023, driven by concerns over potential inflationary pressures and wider fiscal deficits linked to President-elect Donald Trump’s policy proposals. • 30-Year Yield: Climbed to 4.96%, while the 10-year yield rose to nearly 4.73%, approaching its highest levels since November 2023. These moves are consistent with trends observed in both the UK and emerging markets, where yields have similarly surged. ________________________________________ Markets Await Crucial Employment Data Amid Recession Fears Investors remain on edge as they await the release of key employment figures, a critical indicator that could signal the trajectory of the U.S. economy and the potential onset of a recession. The 10-year Treasury yield, a bellwether for economic sentiment, is hovering near its highest point since April, highlighting market anxiety over upcoming data.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.