“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.

Author: Dylan Jones

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