this reactive drop we already know. Next week (or later) we will probably be back in the game.
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Ualifi Araújo
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Let's take a look at the data released just now...
1. Average Hourly Earnings (Monthly) (Jul)
Current: 0.3%
Projection: 0.3%
Previous: 0.2%
IN MY OPINION slightly negative for Crypto, it came in line with the projection, but the growth of wages still indicates inflationary pressure which may lead Powell to continue with his farce of REASONS not to cut interest rates.
2. Non-Farm Payroll Employment Report (Jul)
Current: 73K
Projection: 106K
Previous: 14K
Positive for Cryptos, it came in well below expectations, signaling a slowdown in the LABOR market, notice here that last time Powell wanted to see this falling, meaning we are within what he said he wanted, of course, we know it’s just an excuse and soon he will say he needs something else, but still, it reduces his excuses.
Current: 0.3%
Projection: 0.3%
Previous: 0.2%
IN MY OPINION slightly negative for Crypto, it came in line with the projection, but the growth of wages still indicates inflationary pressure which may lead Powell to continue with his farce of REASONS not to cut interest rates.
2. Non-Farm Payroll Employment Report (Jul)
Current: 73K
Projection: 106K
Previous: 14K
Positive for Cryptos, it came in well below expectations, signaling a slowdown in the LABOR market, notice here that last time Powell wanted to see this falling, meaning we are within what he said he wanted, of course, we know it’s just an excuse and soon he will say he needs something else, but still, it reduces his excuses.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.