Market Compass | Start of Day
Overnight Highlights
Asian Markets Steady Ahead of NFP: Asian equities remained supported by Wall Streetβs overnight gains, while traders stayed cautious ahead of the highly anticipated U.S. jobs report.
RBNZ Rate Signal: Karen Silk, Deputy Governor of the Reserve Bank of New Zealand, indicated that another rate hike would be more likely in December than October.
Gold & Oil Remain Stable: Oil prices held near recent highs, while Gold continued to trade sideways around $4,475.
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Market Map | Asian Session
Gold: Neutral
USD: Mostly Neutral
U.S. Equities: Neutral
Bitcoin: Neutral
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Key Data Today
U.S. Non-Farm Payrolls (NFP)
15:30 (utc+3)
U.S. Unemployment Rate & Monthly Employment Change
Released alongside NFP
U.S. Average Hourly Earnings
Released alongside the jobs report
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Market Sentiment
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Neutral with a Slight Risk-On Bias
Overnight gains in Wall Street continue to support equities, but markets remain focused on todayβs critical NFP report.
Main Focus Today
All eyes are on the U.S. employment report. The data could significantly reshape expectations for the Federal Reserveβs next rate decision, potentially triggering sharp volatility in both the USD and Gold.
Ahead of NFP, risk management and waiting for confirmation are more important than trying to predict the market direction.
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