What’s good traders, Ezekiel here! No fluff today, just your fast market rundown on what’s moving right now, why it actually matters to your account, and how to play it like a seasoned trader.
- Today’s market mayhem. S&P 500, EUR/USD, Bitcoin, and XAU/USD today
- A brutal 57,000 job miss just knocked the wind out of the dollar, sending the euro to a two week high while stocks somehow rallied on the bad news
- Bitcoin kicked off a green July, and a new FHFA order could soon let you count your BTC toward a mortgage
- Most traders run the Fair Value Gap strategy as a standalone system and wonder why it bleeds. Our latest video breaks down the exact data backed FVG framework from 8,798 tested trades
WEEKLY MARKET MAYHEM🔥
Markets were closed Friday July 3 for the Independence Day holiday, so here’s the latest snapshot heading into the long weekend. It’s green almost everywhere, as the weak jobs data cooled those Fed hike fears. 🇺🇸
The 57,000 Job Miss That Rattled the Dollar
The US economy added just 57,000 jobs in June, and Wall Street’s reaction told you everything. Economists were looking for around 115,000, so this was a huge miss, and May got quietly revised down to 129,000 too. When the number comes in this soft, markets stop guessing and start repricing. 😅
Here’s the twist. The unemployment rate actually fell to 4.2%, which sounds great until you look under the hood. It dropped because a wave of people stopped looking for work, dragging labor force participation down to 61.5%, the lowest since March 2021. That’s not a strong labor market, that’s one quietly losing its pulse.
The pain wasn’t spread evenly either. Leisure and hospitality shed 61,000 jobs, while healthcare and business services did the heavy lifting to keep the headline number from going fully underwater. 🏥
So why did stocks and the euro rally on obviously bad news? Because traders play two moves ahead. Coming in, the market feared the Warsh Fed was itching to hike again, and a jobs report this weak slams the brakes on that fear. Weak labor market means less pressure to tighten. 🧠
The US dollar took it on the chin, and EUR/USD jumped to its highest level since June 22. Bad news for the economy, good news for anyone short the greenback. 💵
🤔 Asia Forex Mentor Insights
This is a textbook case of trading the reaction, not the headline. The knee jerk move was dollar down, risk up, but zoom out before you go all in. The ECB is still at 2.15% while the Fed sits at 3.75%, and that rate gap still quietly favors the dollar over the long haul.
So this euro pop looks more like a short squeeze on soft data than a full trend change. If you’re watching EUR/USD, the level to respect is whether it can hold above 1.14. Clear it and stay above, and the door cracks toward the 1.15 to 1.16 zone. Keep an eye on the Dollar Index around 101 as the line in the sand. 📊
Bitcoin Kicks Off a Green July While Your BTC Inches Closer to Buying a House
Bitcoin just had its worst June in four years, then flipped the calendar and started acting like nothing happened. BTC popped roughly 2.5% to punch above $61,900, briefly kissing $62,117 before the sellers showed up. 🟢
There’s an old pattern where a red June is followed by a bounce back green July, and so far 2026 is reading straight from the script. Some of the fuel came from the same jobs report rattling stocks, because a softer labor market means less chance of aggressive Fed tightening, and Bitcoin loves the smell of cheaper money. 💰
But the bigger story is structural. Back on June 25, the FHFA, the regulator over Fannie Mae and Freddie Mac, ordered both to draw up plans that would count verified crypto holdings as legitimate assets on a mortgage application. 🏠
In plain English, your Bitcoin could soon help you qualify for a home loan without selling it. You would pledge it as part of your reserves, as long as it sits on a US regulated exchange like Coinbase, rather than dumping it at whatever price the market feels like that morning.
President Trump has been loudly pushing for the US to become the crypto capital of the world, and this is that slogan turning into policy. It’s not all confetti though, the Senate Banking Committee has already opened inquiries into the risks, so expect headline turbulence. ⚖️
🤔 Asia Forex Mentor Insights
Two clocks are ticking here, and they run at different speeds. Short term, everything hinges on that $62K wall, where price is bumping into the 20 day EMA and the Parabolic SAR. A clean daily close above $62K opens room to run, while a rejection keeps Bitcoin chopping in its range. Let the candle close confirm it. 🕯️
Long term, the mortgage news is a slow burn catalyst, not a same day pump. It won’t move price this week, but it quietly widens the pool of people and institutions with a reason to hold Bitcoin for years. Watch the Senate pushback as your headline risk, and remember the golden rule, trade the data, not the narrative. 🧠
MEMES OF THE DAY 🤣
The market’s favorite hobby is teaching you the word fakeout 😓
We all know how this story ends 🙈
