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“Investors Shouldn’t get Complacent from Positive Data”
Commentary from Jordan Hiscott, Chief Trader at ayondo markets
“I am mindful of investors becoming overly complacent. Admittedly, figures from the three previous non-farm payroll announcements show consistent job growth, and a rate hike from the FED has been on the agenda for a while now, backed by positive manufacturing figures released earlier in the week.
“But despite the consistently positive figures, assets are hugely volatile before non-farm payroll data is released. Gold in particular has just suffered its worst week for over three years, falling from $1300 to $ 1255 today.”
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