August NFP came in much stronger than expected.
The US added 162K jobs vs. 56K forecast, showing the labour market is still holding up better than anticipated.
That strength is making markets rethink the rate-cut outlook. The dollar and Treasury yields are moving higher, while gold and tech assets face some pressure.
Meanwhile, $BTC and $ETH are also reacting to the shifting macro picture, with traders watching liquidity and rate expectations closely.
For me, the US dollar remains the key thing to watch from here.
BingX makes it easy to track the USDOLLARINDEX directly and monitor how markets respond as the latest jobs data gets priced in.
#BingX #BTC #ETH
The US added 162K jobs vs. 56K forecast, showing the labour market is still holding up better than anticipated.
That strength is making markets rethink the rate-cut outlook. The dollar and Treasury yields are moving higher, while gold and tech assets face some pressure.
Meanwhile, $BTC and $ETH are also reacting to the shifting macro picture, with traders watching liquidity and rate expectations closely.
For me, the US dollar remains the key thing to watch from here.
BingX makes it easy to track the USDOLLARINDEX directly and monitor how markets respond as the latest jobs data gets priced in.
#BingX #BTC #ETH
