$BTC
It turns out that the non-farm payroll jobs report for September was indeed rightly disappointing, wasn’t it? The U.S. economy managed to create only 29 thousand jobs versus the 84 thousand that were expected, while the unemployment rate rose to 4.2% instead of 4.1%.
Based on those figures, the 10-year Treasury bond yields fell by 0.77%, while Bitcoin neared $87,000.
$ETH
Now, why are yields falling while risk assets are soaring even with higher unemployment and troubling employment numbers? Simply, my friend: these data show that the economy isn’t running with the enthusiasm that the Federal Reserve thinks, so the need to confront the market with harsh interest-rate hikes decreases.
From a macro markets perspective, bad news is again good news, as it opens the door to a potential easing of monetary policy that injects liquidity and pushes traders directly toward higher-risk assets like Bitcoin and crypto.
Please continue
$XRP
#NFPWatch #BitcoinFundingRateTriplesTo10% #XRPPostsFirstThreeGreenMonthsInQ3 #USSeptemberPayrollsAdd29KUnemploymentRises4.2%
It turns out that the non-farm payroll jobs report for September was indeed rightly disappointing, wasn’t it? The U.S. economy managed to create only 29 thousand jobs versus the 84 thousand that were expected, while the unemployment rate rose to 4.2% instead of 4.1%.
Based on those figures, the 10-year Treasury bond yields fell by 0.77%, while Bitcoin neared $87,000.
$ETH
Now, why are yields falling while risk assets are soaring even with higher unemployment and troubling employment numbers? Simply, my friend: these data show that the economy isn’t running with the enthusiasm that the Federal Reserve thinks, so the need to confront the market with harsh interest-rate hikes decreases.
From a macro markets perspective, bad news is again good news, as it opens the door to a potential easing of monetary policy that injects liquidity and pushes traders directly toward higher-risk assets like Bitcoin and crypto.
Please continue
$XRP
#NFPWatch #BitcoinFundingRateTriplesTo10% #XRPPostsFirstThreeGreenMonthsInQ3 #USSeptemberPayrollsAdd29KUnemploymentRises4.2%
