Emas / Dollar A.S.Penjualan
Gold Analysis & Plan 03/05/2024
Interesting Points
-Strong labor market: Recent economic data indicates that the labor market remains strong. The private sector added 192,000 new jobs in April.
-Rising labor costs: Unit labor costs increased by 4.7% in the first quarter, highlighting inflationary risks.
-Sluggish productivity: Nonfarm productivity grew by only 0.3% in the first quarter.
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Key Figures to Watch
-Nonfarm payrolls: The April nonfarm payrolls report is expected to show an increase of 243,000 jobs (slower than the previous month).
-Unemployment rate: The unemployment rate is expected to remain unchanged at 3.8%.
-ISM Services PMI: The April ISM Services PMI will provide insights into the direction of consumer demand, a key driver of the economy.
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Gold Outlook
Financial markets remain volatile, awaiting clear direction from the Fed. The labor market is strong, but inflation remains a key concern. Investors should watch key indicators such as the ISM Services PMI and the nonfarm payrolls report tonight. There is a chance that US labor and economic data may come in better than expected tonight, which could lead to further declines in gold prices.
Key Support Level:
2229
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Additional Notes:
The post discusses the latest economic data and its implications for the financial markets.
The author highlights the strength of the labor market but warns of the risks of rising inflation.
Investors are advised to watch key indicators such as the ISM Services PMI and the nonfarm payrolls report.
-Strong labor market: Recent economic data indicates that the labor market remains strong. The private sector added 192,000 new jobs in April.
-Rising labor costs: Unit labor costs increased by 4.7% in the first quarter, highlighting inflationary risks.
-Sluggish productivity: Nonfarm productivity grew by only 0.3% in the first quarter.
=============================
Key Figures to Watch
-Nonfarm payrolls: The April nonfarm payrolls report is expected to show an increase of 243,000 jobs (slower than the previous month).
-Unemployment rate: The unemployment rate is expected to remain unchanged at 3.8%.
-ISM Services PMI: The April ISM Services PMI will provide insights into the direction of consumer demand, a key driver of the economy.
=============================
Gold Outlook
Financial markets remain volatile, awaiting clear direction from the Fed. The labor market is strong, but inflation remains a key concern. Investors should watch key indicators such as the ISM Services PMI and the nonfarm payrolls report tonight. There is a chance that US labor and economic data may come in better than expected tonight, which could lead to further declines in gold prices.
Key Support Level:
2229
=============================
Additional Notes:
The post discusses the latest economic data and its implications for the financial markets.
The author highlights the strength of the labor market but warns of the risks of rising inflation.
Investors are advised to watch key indicators such as the ISM Services PMI and the nonfarm payrolls report.
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