FTSE 100 to Dip, Pound Edges Lower Before Jobs Data - Live https://t.co/zk1NbnLLiS ...

The jobs data is proving once again the government can't count. How can you make good decisions with bad data. You can't.So, let's just dig into the jobs insanity. Kevin Gordon shows that the final benchmark revisions for 2025 payrolls, they came in at a negative 862,000 jobs. That is the largest downward revision since 2009, the global financial crisis when the world was ending.Now that all the revisions have come in, Walter Bloomberg shows that 2025 was the worst year for US hiring since 2003 outside of a ...

Technical Analysis - The wide support zone is identified between $4744.34 and $4427.82, with a tighter support cluster at $4532.39 to $4427.82 due to the uptrend line from the main bottom at $3886.46 [1] - The uptrend line is moving at a rate of $43.06 per week, indicating a relatively tight support given the current volatility [1] Market Patterns - Gold maintains a trending pattern of higher tops and higher bottoms, despite a recent closing price reversal top that shifted momentum temporarily [2] - The market's sideways movement will require reevaluation of time, but as of the last close, this is not seen as an immediate concern [2] Fundamental Drivers - Three main fundamental drivers are identified: the U.S. economy, Fed rate cut odds, and the geopolitical situation between Iran and the U.S. [3] - The long-term foundation remains strong, supporting a "buy the dip" strategy rather than focusing on short-term trades [3] Central Bank Activity - Central bank buying is highlighted as a key long-term foundation, with China's central bank extending its gold buying campaign for the 15th consecutive month [4] - This ongoing buying activity is viewed positively for long-term investors, although it is noted that the information is somewhat dated as of February 9 [4]

Group 1 - The market has shown solid early gains, indicating a positive sentiment among investors [1] - There is an expectation that these gains will be tested in the upcoming week, suggesting potential volatility ahead [1] - Overall, investor optimism remains high despite the anticipated challenges [1]

Mortgage Rates Overview - Mortgage rates remained stable, with the average 30-year mortgage rate at 6.21% and the 15-year rate at 5.47% [1][3] - The stability in mortgage rates has been observed since mid-September, contributing to increased buying and selling activity in the housing market [3] Labor Market Impact - The unemployment rate increased to 4.6%, the highest since 2021, but this did not significantly affect Treasury yields or mortgage rates [2] - The labor market slowdown was in line with expectations, indicating a lack of immediate impact on financial markets [2] Mortgage Application Trends - Mortgage applications for home purchases decreased by 3%, while refinancing applications fell by 4% [3] - The Federal Reserve's recent interest rate cut has had minimal influence on mortgage rates, highlighting the indirect relationship between Fed policies and mortgage rates [3]

Core Viewpoint - The content emphasizes the importance of conducting personal research and due diligence before making any financial decisions, particularly in relation to complex financial instruments like cryptocurrencies and CFDs [1]. Group 1 - The website provides general news, personal analysis, and third-party materials intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as a recommendation or advice for investment actions [1]. - The accuracy and reliability of the information are not guaranteed, and users are advised to consult competent advisors [1]. Group 2 - The website includes information about cryptocurrencies, CFDs, and other financial instruments, highlighting their complexity and high risk of loss [1]. - Users are encouraged to understand how these instruments work and assess their ability to take on the associated risks before investing [1].

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in the context of investments in cryptocurrencies and CFDs [1]. Group 1 - The website provides general news, personal analysis, and third-party materials intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as a recommendation or advice for investment actions [1]. - The accuracy and reliability of the information are not guaranteed, and users are cautioned against relying solely on the content provided [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and CFDs, which carry a high risk of losing money [1]. - Users are encouraged to conduct their own research and fully understand the risks involved before investing in any financial instruments [1].

Core Viewpoint - The content emphasizes the importance of conducting personal research and due diligence before making any financial decisions, particularly in the context of complex financial instruments like cryptocurrencies and CFDs [1]. Group 1 - The website provides general news, personal analysis, and third-party materials intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as a recommendation or advice for investment actions [1]. - The content is not tailored to individual financial situations, highlighting the need for users to consult competent advisors [1]. Group 2 - The website discusses the high risks associated with cryptocurrencies and CFDs, noting that they are complex instruments with a significant potential for financial loss [1]. - It encourages users to understand how these financial instruments work and to assess their ability to handle the associated risks before investing [1].

Core Insights - The report will include the October payrolls data that was delayed due to the government shutdown [1] Summary by Category - **Payroll Data**: The October payrolls data will be included in the upcoming report, which was previously delayed [1] - **Unemployment Rate**: The report will not contain data on the October unemployment rate, as stated by the BLS [1]

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in the context of investments and trading activities [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as recommendations or advice for any financial actions [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to apply their own discretion [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - Users are encouraged to perform their own research and understand the risks involved before investing in any financial instruments [1].