The reason for the market fluctuations is also a response to tonight's release of the disappointing non-farm payroll data.
Tonight's release of the "Non-Farm" ADP employment figures may serve as a key indicator for the Fed's next move.
The December "Non-Farm" ADP employment numbers and the November JOLTS job openings will be announced sequentially at 21:15 and 23:00 tonight, providing an early check on the employment market ahead of this Friday's non-farm report. The data is expected to show that the labor market remains resilient overall, supporting the Fed's decision to hold steady in January.
Especially as gold prices retreat, traders' focus has shifted from escalating geopolitical tensions to the upcoming economic data releases this week. Although the geopolitical landscape remains fragile, traders are turning their attention to the dense schedule of economic data, including the December non-farm employment report scheduled for Friday. A manufacturing activity index released on Tuesday underperformed expectations, further boosting market expectations that the Fed may cut interest rates again.
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The reason for the market fluctuations is also a response to tonight's release of the disappointing non-farm payroll data.
Tonight's release of the "Non-Farm" ADP employment figures may serve as a key indicator for the Fed's next move.
The December "Non-Farm" ADP employment numbers and the November JOLTS job openings will be announced sequentially at 21:15 and 23:00 tonight, providing an early check on the employment market ahead of this Friday's non-farm report. The data is expected to show that the labor market remains resilient overall, supporting the Fed's decision to hold steady in January.
Especially as gold prices retreat, traders' focus has shifted from escalating geopolitical tensions to the upcoming economic data releases this week. Although the geopolitical landscape remains fragile, traders are turning their attention to the dense schedule of economic data, including the December non-farm employment report scheduled for Friday. A manufacturing activity index released on Tuesday underperformed expectations, further boosting market expectations that the Fed may cut interest rates again.