The less you lose, the more you win! The 'condition' of the manufacturing industry is improving, opportunities for gold, silver, and oil are coming. Data will be released tonight at 20:30, previous value -9.2 → expected -5.5, contraction slowing down = bullish!
The tricks behind the data
Negative value but less loss is a win:
Don't be fooled by -5.5 still being negative, but compared to last month's -9.2, the contraction speed has significantly slowed down! It's like an ICU patient shifting from 'critical' to 'serious', and the market immediately breathes a sigh of relief.
Why this is good for gold, silver, and crude oil
When the economy is 'half-alive', funds love to hide in hard currencies like gold and crude oil. Plus, with the Middle East being a powder keg, any spark could ignite it, and risk aversion sentiment directly fuels the market!
Although current orders are still bleak, bosses are overflowing with confidence for the future! The 6-month expected index surged to 30.1, hitting a 2-year high.
This is reminiscent of the crypto bear market with enthusiasts shouting 'bull market return speedily'—but when sentiment is in place, the market has to follow suit and surge!
Middle East chaos + positive data = double boost for the market
Last weekend, Israel bombed Iranian nuclear facilities, and Iran retaliated with missile strikes, causing oil prices to skyrocket by 7% in a single day! This morning, it surged another 1.5%, with gold also rising to $3440.
If tonight's data is better than -5.5, combined with the possibility of the Middle East blocking the Strait of Hormuz at any moment, crude oil could soar, and gold will follow suit without explanation!
If the data is worse than expected, the dollar might rebound and suppress gold and silver! But the Middle East bomb could explode at any time, and Iran has stated it is 'considering blocking the strait', if they act, oil prices could skyrocket to $130...
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