
Post
Mian Bilal Ali
Tonight's data is out, 0.4%, in line with expectations.
Bearish for $BTC $XAU
Although the data meets expectations,
0.4% month-on-month growth itself is a relatively strong signal,
which will continue to support the market's expectation that the Federal Reserve will maintain a tightening policy or even raise interest rates.
The probability of a rate hike at the September meeting must have risen to about 60%, right?
Rising rate hike expectations push up the dollar and bond yields,thus bearish
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