We observe a strongly opposite reaction to the initial one after the publication of data from the US labor market. The NFP showed an increase of 216,000, but the household survey showed a decline in employment by over 400,000, which is another decline in a row.
How are these studies different? In the case of payrolls, these are survey data is based on 200k companies. In turn, households survey is based on 60k households. Nevertheless, the market seems to be clearly focusing on the household survey and the rise in the unemployment rate.
NFP versus the Household Survey. Source: Bloomberg
Gold rose sharply, the nearest strong resistance is located around $1670. Source: xStation5
Daily summary: Equities rally as markets await Trump-Xi talks; precious metals decline on risk-on (27.10.2025)
OPEC+ to raise production at the next meeting❓🛢️ Oil in stagnation
Coffee falls for the third straight session amid improving weather in Brazil and Vietnam ☕️ 📉
⏬Gold Sinks Below $4,000!
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