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Last night, the ADP employment data was released at 41,000, significantly lower than the expected 47,000. At first glance, it seemed like good news for gold. But upon closer examination, the actual significance of this data is quite limited.
The end-of-year seasonal surge in temporary workers has distorted the numbers, making them unrecognizable. This is not a genuine market signal; it’s just "noise" meant to cause confusion. ADP fluctuations are inherently volatile and have always been a standard tool for major players to shake out positions, and they generally do not have a substantial impac
View OriginalThe end-of-year seasonal surge in temporary workers has distorted the numbers, making them unrecognizable. This is not a genuine market signal; it’s just "noise" meant to cause confusion. ADP fluctuations are inherently volatile and have always been a standard tool for major players to shake out positions, and they generally do not have a substantial impac