Today’s data will most likely break the current balance of bullish and bearish forces. Expectations for this Non-Farm Payrolls are highly divergent among institutions. ADP and the minor NFP are significantly weaker, but initial jobless claims are still at a low level—signals conflict with one another.
Given the broader context, this NFP is likely to be somewhat positive. However, even if BTC rises in the short term, don’t chase the move. If employment declines but wages rise, it will push inflation higher. The market will then reprice interest rates, and price action is likely to show a pattern of rising first and then falling.
For trading, it’s most prudent to wait for the market to move and then respond accordingly. $BTC #东证拟设重大业务变更再审查制度 #美元有望创两周最佳单日表现
Given the broader context, this NFP is likely to be somewhat positive. However, even if BTC rises in the short term, don’t chase the move. If employment declines but wages rise, it will push inflation higher. The market will then reprice interest rates, and price action is likely to show a pattern of rising first and then falling.
For trading, it’s most prudent to wait for the market to move and then respond accordingly. $BTC #东证拟设重大业务变更再审查制度 #美元有望创两周最佳单日表现