Tonight, the United States will release a series of employment data, and the probability of a rate cut has reached 94%! The data will impact the short-term trend, whether to continue the upward momentum or pull back before rising again!
At 20:30 tonight, the number of Challenger job cuts for November will be released in the U.S.; at 21:30, the initial claims for unemployment benefits for the week ending November 29 will be announced, with an expected value of 220,000.
In addition, at 23:00, the U.S. Global Supply Chain Pressure Index for November and the U.S. Factory Orders Month-on-Month for September will also be released.
Although tonight's employment data is relatively important, the market is currently heavily betting on a 25 basis point rate cut by the Federal Reserve in December. As of the time of writing, the probability of this event on Polymarket has reached 94%.
