US jobless claims just printed 194K 👀
Expected: 198K
Previous: 194K
Beat the forecast, flat on last week. Labor market is still not cracking.
Why you should care:
Strong jobs data means the Fed has zero urgency to cut. Rate cut hopes get pushed out, the dollar firms up, and risk assets like $BTC and $ETH usually feel the pressure when liquidity expectations get repriced.
No breakdown in employment = no panic pivot = no easy liquidity tailwind.
Watch yields and DXY into the next move. If they push higher, expect chop or a flush on majors.
Stay nimble, don't marry your bags. ⚡
Expected: 198K
Previous: 194K
Beat the forecast, flat on last week. Labor market is still not cracking.
Why you should care:
Strong jobs data means the Fed has zero urgency to cut. Rate cut hopes get pushed out, the dollar firms up, and risk assets like $BTC and $ETH usually feel the pressure when liquidity expectations get repriced.
No breakdown in employment = no panic pivot = no easy liquidity tailwind.
Watch yields and DXY into the next move. If they push higher, expect chop or a flush on majors.
Stay nimble, don't marry your bags. ⚡