NFP: Market bets on 90K, Bank of America forecasts only 60K.
The market is betting on approximately 90,000 new jobs, whereas Bank of America projects 60,000.
This gap highlights a lack of consensus regarding the health of the US economy.
Strong job growth would give the Fed further reason to maintain a cautious monetary policy stance, while weak data could revive expectations for monetary easing.
For BTC, the NFP figure is not the only critical factor.
Jobs → Fed → Yields → Liquidity → BTC.
BTC is caught between two forces: continued capital inflow providing support, while high yields exert persistent pressure.
Right now, the market is not merely asking what the NFP number will be, it is waiting to see how that figure will alter expectations regarding the Fed.
The market is betting on approximately 90,000 new jobs, whereas Bank of America projects 60,000.
This gap highlights a lack of consensus regarding the health of the US economy.
Strong job growth would give the Fed further reason to maintain a cautious monetary policy stance, while weak data could revive expectations for monetary easing.
For BTC, the NFP figure is not the only critical factor.
Jobs → Fed → Yields → Liquidity → BTC.
BTC is caught between two forces: continued capital inflow providing support, while high yields exert persistent pressure.
Right now, the market is not merely asking what the NFP number will be, it is waiting to see how that figure will alter expectations regarding the Fed.