🚨 Nonfarm payroll data showed an increase of 165,000 jobs in October, significantly above the forecast of 65,000.
🔸The unemployment rate stands at 4.1%. This robust performance strengthens the Federal Reserve's rationale for maintaining higher interest rates for an extended period.
🔸Consequently, the USD and yields are firming, while risk assets, such as Bitcoin ( $BTC ), are likely to remain under pressure. The short-term outlook indicates a downward bias, signaling continued selling pressure without support for a rebound.
#JobsReportRaisesHikeOdds
#CPITestsDecemberRateOutlook
🔸The unemployment rate stands at 4.1%. This robust performance strengthens the Federal Reserve's rationale for maintaining higher interest rates for an extended period.
🔸Consequently, the USD and yields are firming, while risk assets, such as Bitcoin ( $BTC ), are likely to remain under pressure. The short-term outlook indicates a downward bias, signaling continued selling pressure without support for a rebound.
#JobsReportRaisesHikeOdds
#CPITestsDecemberRateOutlook
