
Markets are digesting a hawkish surprise ๐๏ธ Fed Chair Kevin Warshโs first Jackson Hole speech sent the dollar sharply higher on Friday, triggering the steepest one-day drop in months for gold ๐ฅ and silver ๐ฅ, while Brent extended its slide ๐ข๏ธ as Hormuz risk premiumsย unwind.
Now all eyes turn to Fridayโs US Nonfarm Payrolls ๐บ๐ธ๐โโโthe weekโs biggest catalyst.
๐ ๐๐จ๐ฅ/๐จ๐ฆ๐โโโ1.1585, base case 1.1450โ1.1760
๐ข๏ธ ๐๐ฟ๐ฒ๐ป๐โโโ$88.28, base case $82โ$95
๐ฅ ๐๐ผ๐น๐ฑโโโ$4,504.10, base case $4,250โ$4,750
๐ฅ ๐ฆ๐ถ๐น๐๐ฒ๐ฟโโโ$66.26, base case $60.90โ$73.50
โฟ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ปโโโ$77,470, base case $70,000โ$90,000
ฮ ๐๐๐ต๐ฒ๐ฟ๐ฒ๐๐บโโโ$2,431, base case $2,000โ$2,750
๐๏ธ Key events: US Labor Day (Mon) ๐ซ, ISM Manufacturing PMI (Tue), ADP & Fed Beige Book (Wed), ISM Services PMI (Thu), and Nonfarm Payrolls (Fri)ย ๐ฅ
Get the full breakdownโโโkey levels, baseline views, and what to watch for each instrument ๐
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๐๐ผ๐ฟ๐ฒ๐ & ๐๐ฟ๐๐ฝ๐๐ผ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐: ๐๐๐ด๐๐๐ ๐ฏ๐ญ โ ๐ฆ๐ฒ๐ฝ๐๐ฒ๐บ๐ฏ๐ฒ๐ฟ ๐ฌ๐ฐ, ๐ฎ๐ฌ๐ฎ๐ฒโฆ was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.