Mixed Reactions After Jobless Claims & PPI Data


The U.S. PPI and Jobless Claims data released today had a mixed effect on the markets:


Initial Jobless Claims fell to 213K (better than expected) → Strong labor market → Hawkish for Fed → Bearish for Gold & Stocks.PPI MoM rose to 0.4% (higher than expected) → Inflation pressure → Less chance of Fed rate cuts → Bearish for Gold & Stocks.US30 initially dropped but rebounded, while Gold is consolidating.


US30 (Dow Jones)Short-Term Resistance: 44,500 - 44,600Immediate Support: 44,300 - 44,350Major Breakout Level: If 44,600 is broken, expect a rally toward 44,750.


XAU/USD (Gold)Resistance Zone: $2,920 - $2,930Support Zone: $2,900 - $2,880If Gold breaks above $2,920, expect a bullish continuation.


 

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