Tonight at 20:30, it’s non-farm payrolls again — time to open the mystery box
The market currently expects August non-farm payrolls to add 56,000 jobs, a clear rebound from July’s -23,000; the unemployment rate is expected to stay at 4.1%, while wage growth is projected to slow from 3.2% year over year to 3.0%
If employment comes in well above expectations + the unemployment rate does not rise + wages are strong, that would be a classic hawkish combination. U.S. Treasury yields and the dollar would tend to move higher, while gold, BTC, and U.S. stocks would come under pressure
Conversely, if employment remains weak and the unemployment rate rises to 4.2%, expectations for rate hikes will likely continue to cool, and risk assets should feel quite a bit better
For $BTC , this is a time of big volatility; if you have a position, remember to manage your risk!
The market currently expects August non-farm payrolls to add 56,000 jobs, a clear rebound from July’s -23,000; the unemployment rate is expected to stay at 4.1%, while wage growth is projected to slow from 3.2% year over year to 3.0%
If employment comes in well above expectations + the unemployment rate does not rise + wages are strong, that would be a classic hawkish combination. U.S. Treasury yields and the dollar would tend to move higher, while gold, BTC, and U.S. stocks would come under pressure
Conversely, if employment remains weak and the unemployment rate rises to 4.2%, expectations for rate hikes will likely continue to cool, and risk assets should feel quite a bit better
For $BTC , this is a time of big volatility; if you have a position, remember to manage your risk!
