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Panoramic Analysis of US Non-Farm Data in June: Employment Resilience and Market Ripples under Policy Gaming
- July 4, 2025
- Posted by: Macro Global Markets
- Category: News
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The June non-farm data released by the U.S. Bureau of Labor Statistics on Thursday, like a stone thrown into the market lake, not only reflects the complex resilience of the U.S. labor market, but also triggers the financial market to re-examine the policy path of the Federal Reserve. From the employment data itself to asset price fluctuations, from industry structure differentiation to institutional viewpoints, this report outlines the current subtle picture of the U.S. economy.
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The Western camp is no longer monolithic! UK, Canada and other five countries jointly sanction Israel’s far right minister, leading to increased demand for gold as a safe haven
- June 12, 2025
- Posted by: Macro Global Markets
- Category: News
On June 10th local time, the United Kingdom, Canada, Australia, New Zealand, and Norway issued a joint statement announcing asset freezes and travel bans on Israel’s National Security Minister Itamar Ben Gavir and Finance Minister Bezalel Smotrich. The reason for the sanctions is that the two individuals have repeatedly incited extreme violence against Palestinians, including supporting settlement expansion and advocating for forced displacement of Palestinians. This is the first time that Western countries have imposed sanctions on Israeli cabinet ministerial level officials, marking a significant divergence in Western policies towards Israel.
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Trump sends additional National Guard soldiers to Los Angeles, amid constitutional crisis and rising demand for safe haven in the gold market
- June 11, 2025
- Posted by: Macro Global Markets
- Category: News
On June 9th local time, US President Trump announced the deployment of 2000 additional National Guard soldiers to Los Angeles in response to ongoing riots caused by immigration law enforcement conflicts. This deployment is a further intervention by the Trump administration in the situation in California, following the first deployment of 2000 National Guard personnel on the 7th. As of June 10th, 1700 National Guard soldiers and 700 Marine Corps soldiers have been deployed in the Greater Los Angeles area, with a focus on protecting federal agencies and personnel.
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In depth analysis of the May 2025 non farm payroll report: Employment resilience supports economic expectations, while gold faces short-term pressure and long-term opportunities remain
- June 10, 2025
- Posted by: Macro Global Markets
- Category: News
The May non farm payroll data released by the US Department of Labor on June 6th showed that 139000 new jobs were added, slightly higher than the market expectation of 130000, but slower than the revised 147000 in April. The unemployment rate has remained stable at 4.2% for the third consecutive month, in line with expectations. The salary growth rate exceeded expectations, with an average hourly wage increase of 3.9% year-on-year and a month on month increase of 0.4%, indicating that labor cost pressure still exists.
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The Crimean Bridge is under attack again! After negotiations, conflict resurfaces, Russian senior officials say ‘comprehensive retaliation’
- June 5, 2025
- Posted by: Macro Global Markets
- Category: News
On the early morning of June 4th, the Ukrainian military launched a new round of attacks on the Crimean Bridge using an improved TB-2 drone, destroying two sections of the bridge deck and causing a disruption to road traffic. This is the third major attack on the bridge since its first attack in October 2022, and the Ukrainian Ministry of Defense stated that the operation aims to “cut off the Russian military’s logistics supply lines”. Russian Defense Minister Shoigu gave a televised speech on the same day, accusing Ukraine of “terrorist acts” and warning of “indiscriminate retaliation” against the Kiev decision-making center. Russian Federal Security Council Vice Chairman Medvedev also bluntly stated that “there is no possibility of negotiation in the conflict, and we will fight until Ukraine is completely demilitarized”.
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The second round of direct negotiations between Russia and Ukraine has ended, with territorial disputes deadlocked and a surge in demand for gold as a safe haven
- June 4, 2025
- Posted by: Macro Global Markets
- Category: News
The second round of direct negotiations between Russia and Ukraine, which was originally planned to restart on June 3, was actually held secretly in Istanbul, Türkiye, on June 2, but it broke down after only one hour. The two sides have reached limited consensus on humanitarian issues such as prisoner of war exchange and body transfer, but have fallen into fundamental opposition on core issues such as territorial sovereignty and ceasefire conditions.
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Trump plans to launch a global 15% tariff, trade market may experience another wave of turbulence
- June 3, 2025
- Posted by: Macro Global Markets
- Category: News
On May 29th local time, the Trump administration urgently launched “Plan B” after temporarily restoring tariff policies in the Federal Circuit Court of Appeals, proposing to impose a 15% unified tariff on global imported goods within 150 days, covering core categories such as automobiles, electronics, and machinery. This policy circumvents congressional authorization by invoking Section 232 of the 1962 Trade Expansion Act and directly imposes comprehensive tariffs on imported goods under the pretext of “national security”.
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Asset allocation shift under the failure of traditional 60/40 portfolio: the struggle between gold, crude oil and Bitcoin
- May 30, 2025
- Posted by: Macro Global Markets
- Category: News
In recent years, the traditional 60/40 investment portfolio that focuses on stocks and bonds has gradually become ineffective under the impact of tariff policies and economic uncertainty. Goldman Sachs pointed out that long-term US Treasury bonds have failed to play a role in hedging the downside risks of the stock market recently. Whether it is the recession concerns caused by the tariff escalation in April or the surge in borrowing costs caused by fiscal sustainability concerns in May, US Treasury bonds have not reflected their safe-haven value. This phenomenon is not accidental. In history, during periods of inflation or commodity shocks, the stock and bond markets often fall simultaneously.
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Trump’s’ Liberation Day ‘tariff policy ruled unconstitutional, global trade pattern faces restructuring
- May 30, 2025
- Posted by: Macro Global Markets
- Category: News
On May 28th local time, the US International Trade Court made a historic ruling, determining that the Trump administration’s “Liberation Day” tariff policy announced on April 2nd exceeded its authority, and ruling that the president has no right to impose comprehensive tariffs on trading partners. This ruling not only directly impacts the foundation of US trade policy, but also triggers a chain reaction among global trading partners, with major economies such as the European Union and Mexico launching retaliatory tariff plans. Affected by this, spot gold prices in Asia opened lower on May 29th, plummeting $30 to $3261.27 per ounce, hitting a new low since May 22nd. The US dollar index soared to 99.98, causing severe fluctuations in global financial markets.
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Trump boasts that tariff threat is effective: EU accelerates negotiations, gold market’s long short game intensifies
- May 29, 2025
- Posted by: Macro Global Markets
- Category: News
On May 27th, US President Trump declared on social media that his threat to impose a 50% tariff on the European Union was “effective,” stating that the EU has taken the initiative to accelerate the trade negotiation process. This statement originated from Trump’s sudden escalation of the tariff threat last week, and the President of the European Commission, von der Leyen, made an urgent call for consultation, which ultimately prompted Trump to postpone the implementation of tariffs from June 1 to July 9. However, the market’s concerns about trade frictions have not completely dissipated, and gold prices have shown a fluctuating pattern under the interweaving of long and short factors.
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