All eyes will be on today's payroll report for clues about what it means for the Fed’s next move. Indeed, the payroll report will be the most important US economic data point between now and the Fed’s next meeting at the end of July, so the stakes are high and expectations have been set. In this post we’ll highlight how this payroll report could either beat or miss expectations and what each case could mean for bonds, stocks, the USD and gold.
Market participants will likely focus on four key data points in the payroll report with the first two in the list below being by far the most relevant for the possible market reaction.
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