【“Negative Small Non-Farm” Ignites Non-Farm Suspense: Will There Be a Rate Cut in July?】
Everyone in the market is aware that U.S. non-farm data is becoming increasingly “unreliable,” but against the backdrop of many Federal Reserve officials, including Powell, emphasizing the importance of the “June data,” numerous market participants have no choice but to place tonight's non-farm data among the top three on this week’s global macro “big event list.”
This may be a true reflection of the conflicted mindset of traders in the global stock, bond, and currency markets right now, especially in light of last night's astonishingly negative U.S. “Small Non-Farm” ADP data!
