How should we interpret tomorrow's non-farm payroll data, unemployment rate, and initial jobless claims?
The forecast for non-farm payrolls is higher than the previous figure, while initial jobless claims are expected to be lower. However, the unemployment rate is expected to remain unchanged from the previous reading. No wonder today's market has been so quiet. Everyone seems confused and hesitant to make a judgment, choosing instead to wait and see. Normally, with such expectations for non-farm payrolls and initial claims, the market should have priced in these factors in advance, leading to declines in gold and silver, but that hasn't happened. Additionally, if this set of data turns out to be accurate, Trump’s interest rate cut plan may be further delayed. The current market conditions make me slightly concerned about the market's doubts regarding the Fed's independence, though I'm not sure if I'm overanalyzing.