OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

0530 EST – Jobs Report

Posted by Buygold @ 5:27 on May 5, 2023  

They could crush us like they usually do, or we could rally from here. Rates are up, USD weaker.

Once again, I like that we are weak into the report, but we’ve had a great week and might let some air out.. Maybe we gift some back.

SM is up a lttle to start. Oil is back up trying to challenge the $70 mark.

edit: oil now up above $70 – that move down to $65 didn’t make sense.

10 yr. is the biggest drag, up 2.6 bips, but USD is still down. I expect both will be much different in an hour or so when the jobs data comes out.

 

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.