$BTC $ZEC $DOGE
The latest U.S. initial jobless claims data is out, and labor market resilience once again exceeded expectations!
For the week ending October 31, initial jobless claims came in at 189,000, below the market forecast of 196,000 and the lowest level since July 18. The previous figure was also revised up to 195,000.
#据报哈国政府投1亿美元加密基金 #StrategySTRC时隔超170天恢复发行 #香港资助计划促成2.3亿港元代币化
The drop in initial claims suggests that businesses remain reluctant to lay off workers, and there are no clear signs of a weakening labor market. The main significance of this data is that, as a leading indicator for nonfarm payrolls, it adds uncertainty ahead of the release of October’s employment report.
Resilient employment means the Fed does not need to pivot quickly toward easing for now. This will support Treasury yields and the U.S. dollar, putting some short-term pressure on risk assets such as BTC. The market has now entered a critical window ahead of the nonfarm payrolls report, and the focus will be on its release.
The latest U.S. initial jobless claims data is out, and labor market resilience once again exceeded expectations!
For the week ending October 31, initial jobless claims came in at 189,000, below the market forecast of 196,000 and the lowest level since July 18. The previous figure was also revised up to 195,000.
#据报哈国政府投1亿美元加密基金 #StrategySTRC时隔超170天恢复发行 #香港资助计划促成2.3亿港元代币化
The drop in initial claims suggests that businesses remain reluctant to lay off workers, and there are no clear signs of a weakening labor market. The main significance of this data is that, as a leading indicator for nonfarm payrolls, it adds uncertainty ahead of the release of October’s employment report.
Resilient employment means the Fed does not need to pivot quickly toward easing for now. This will support Treasury yields and the U.S. dollar, putting some short-term pressure on risk assets such as BTC. The market has now entered a critical window ahead of the nonfarm payrolls report, and the focus will be on its release.
