With last night's rapid decline, the altcoin market has been completely reshuffled, with most altcoins breaking through the bottom range of the past six months. To be honest, this decline is simply outrageous; He Yang feels it's like throwing away a great opportunity!
This is due to yesterday's radical comments from Trump, as well as Musk's temporary lack of plans to support Dogecoin payments on X, which triggered this 'bloodbath' as early as the morning session!
1. Two important data points tonight:
The small non-farm payroll data released at 21:15 is expected to show 6,000 fewer jobs compared to the previous value, which is a small positive for interest rate cuts!
Additionally, the initial jobless claims at 21:30 are expected to show 7,000 more than the previous value; these two data points support each other and are both small positives!
2. The heavy data, of course, is the big non-farm payroll data coming Friday evening:
The unemployment rate for the big non-farm data is basically consistent, but the expected value for non-farm employment is 67,000 lower than the previous value, which is much worse than the small non-farm data. He Yang feels this is absolutely a positive level!
For both small and big non-farm payroll data, if the published value and the expected value do not differ much, it is undoubtedly positive. Thus, the probability of an interest rate cut by the Federal Reserve at the end of this month will greatly increase! Even if there is no rate cut this month, it will not be far from a rate cut! The medium to long-term interest rate cut cycle will not change! Thus, liquidity will be worry-free in the long run!
This is due to yesterday's radical comments from Trump, as well as Musk's temporary lack of plans to support Dogecoin payments on X, which triggered this 'bloodbath' as early as the morning session!
1. Two important data points tonight:
The small non-farm payroll data released at 21:15 is expected to show 6,000 fewer jobs compared to the previous value, which is a small positive for interest rate cuts!
Additionally, the initial jobless claims at 21:30 are expected to show 7,000 more than the previous value; these two data points support each other and are both small positives!
2. The heavy data, of course, is the big non-farm payroll data coming Friday evening:
The unemployment rate for the big non-farm data is basically consistent, but the expected value for non-farm employment is 67,000 lower than the previous value, which is much worse than the small non-farm data. He Yang feels this is absolutely a positive level!
For both small and big non-farm payroll data, if the published value and the expected value do not differ much, it is undoubtedly positive. Thus, the probability of an interest rate cut by the Federal Reserve at the end of this month will greatly increase! Even if there is no rate cut this month, it will not be far from a rate cut! The medium to long-term interest rate cut cycle will not change! Thus, liquidity will be worry-free in the long run!