The weekly change in U.S. ADP employment figures for the week ending May 23 was 29,000.
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The weekly change in U.S. ADP employment figures for the week ending June 20 was 21,000.
According to BlockBeats, on July 7th, the US ADP employment change for the week ending June 20th was 21,000, compared to 30,750 in the previous week. (Jinshi)
US ADP employment growth in June hit its slowest pace since March, sending precious metals sector rebounding.
According to Mars Finance, citing Jinshi News, the US ADP employment increase in June was the lowest since March, and market focus is rapidly shifting to more macroeconomic indicators and external risk events. The dovish statements from Federal Reserve officials led to a collective rebound in the precious metals sector.
US ADP employment figures for June showed 98,000 new jobs, below the expected 118,000.
According to Mars Finance, on July 1st, the US June ADP employment figure was 98,000, below the expected 118,000. (Jinshi)
Bank of America: US equity funds experienced their largest weekly outflow since March, and "sell signals" have persisted for six weeks.
According to BlockBeats, Bank of America's latest weekly report, released on July 3, showed that US equity funds experienced a net outflow of $17.2 billion in the week ending July 1, marking the largest weekly net redemption since March 2026 and the second consecutive week of net outflows. Meanwhile, the Bank of America Bull/Bear Indicator rose from 9.1 to 9.5, remaining in the "extremely bullish" zone. Michael Hartnett, Bank of America's chief investment strategist, stated that the "sell signal" triggered by the indicator on May 20 remains in effect. Bank of America data shows that since 2002, the indicator has triggered "sell signals" 17 times, with global stock markets subsequently experiencing an average decline of 2% to 3% over the following 2 to 3 months, resulting in an accuracy rate of approximately 60% and a historical maximum drawdown of 15% to 20%. In terms of fund flows, investment-grade bonds attracted $17.2 billion in inflows this week, marking the 13th consecutive week of net inflows; high-yield bonds saw inflows of $3.4 billion, the largest weekly inflow since May 2025. Technology funds saw inflows of $14.3 billion this week, with year-to-date inflows potentially reaching a record $152 billion. Meanwhile, Japanese equity funds attracted $1.9 billion this week, the largest weekly inflow in nearly seven weeks. Amid outflows from US stocks, the semiconductor sector faced significant pressure, with the Philadelphia Semiconductor Index falling 11% over the past two trading days. JPMorgan strategists pointed out that the extreme overperformance of US semiconductor stocks relative to AI and hyperscale cloud computing companies has created an unsustainable valuation gap, which is expected to eventually narrow. Commodities and gold continued to be under pressure, with gold seeing outflows of $3 billion this week, marking the 7th consecutive week of outflows; cryptocurrencies saw outflows of $2 billion, the largest weekly outflow since November 2025.
Bitcoin remains in a downtrend on the weekly chart; watch for opportunities at $68,000 and oversold projects.
According to Mars Finance, Jack Yi stated that Bitcoin is currently in a downtrend on the weekly chart, and in the short term, attention should be paid to whether it can effectively break through $68,000. He believes that only a strong move above $68,000 could lead to a significant reversal; if the breakout fails, the price may retest the bottom, and the risk of falling below $47,000 should be noted.
The dollar is on track for its biggest weekly drop since April, as expectations for interest rate cuts rise.
According to ChainCatcher, citing Jinshi, the US dollar weakened significantly this week, and is expected to post its biggest weekly drop since April. This was due to a noticeably weaker-than-expected US June jobs data, leading the market to lower its expectations for a near-term Federal Reserve rate hike. The dollar index fell by about 0.5% this week. Against this backdrop, the euro rose to $1.144, a weekly gain of about 0.5%; the pound rose to $1.3352, a weekly gain of about 1.1%. The yen rebounded from near a 40-year low, with the dollar/yen pair briefly falling back to around 161. Analysts pointed out that the dollar's performance is clearly influenced by jobs data and interest rate expectations; if subsequent economic data continues to weaken, the dollar may face further pressure.