🧠 [Market Insight – Why a Bad Jobs Report Was Good for the Market] 📅 July 7, 2025 Last Friday, the US jobs report (NFP) came out much weaker than expected — only 128,000 new jobs, while the market was expecting around 190,000. At first glance, that sounds like bad news, right? But for traders, this actually triggered a wave of buying across gold, tech stocks, and even crypto. 💡 Here’s why: The market is now thinking: “If the economy is slowing, the Fed has no reason to keep interest rates high.” That means: ➡️ Lower interest rates may come faster ➡️ The US dollar loses strength ➡️ Gold and growth stocks benefit from more liquidity 📊 What happened next: Gold (XAUUSD) jumped to above $3,355, a 3-week high The US Dollar (DXY) dropped below 96.30 NASDAQ continued its push higher, riding the “rate cut hope” wave Traders are now pricing in over 80% chance of a rate cut in September 🎯 MGM View: Gold is still bullish — we like buy setups above $3,330 Dollar is losing support — weakness may continue toward 95.60 Nasdaq remains strong — but watch for volatility around upcoming inflation data 👉 The jobs report was weak — but for traders, it was the green light to prepare for easier Fed policy ahead. #MacroGlobalMarkets #Gold #USD #NASDAQ #NFPReport #RateCutHopes #TradingInsight