Final NFP preview: We know that the U.S. private sector added 86,000 jobs in October, initial jobless claims fell to 189,000 last week, and market expectations for a Fed rate hike in December have eased. So tonight, A Jian will focus on three questions:
1. Will nonfarm payroll growth deviate significantly from expectations?
2. Will the unemployment rate and average hourly earnings indicate that the labor market remains tight?
3. After the data is released, will Treasury yields and the U.S. dollar move decisively in either direction?
Also, to keep myself from making impulsive trades, I must remember these three rules:
1. No bets before 21:00. Any forecast before the data is released is just speculation;
2. For risk assets like $BTC and $ETH , the NFP report itself is not a buy or sell signal. After the data comes out, first watch BTC's one-hour close: if it reclaims 78,000 on increased volume, then consider a rebound; if it breaks below 74,000 on increased volume, then expect continued pressure. Do nothing in between;
3. No trades may be held through the November 10 CPI release.
That's all. DYOR
1. Will nonfarm payroll growth deviate significantly from expectations?
2. Will the unemployment rate and average hourly earnings indicate that the labor market remains tight?
3. After the data is released, will Treasury yields and the U.S. dollar move decisively in either direction?
Also, to keep myself from making impulsive trades, I must remember these three rules:
1. No bets before 21:00. Any forecast before the data is released is just speculation;
2. For risk assets like $BTC and $ETH , the NFP report itself is not a buy or sell signal. After the data comes out, first watch BTC's one-hour close: if it reclaims 78,000 on increased volume, then consider a rebound; if it breaks below 74,000 on increased volume, then expect continued pressure. Do nothing in between;
3. No trades may be held through the November 10 CPI release.
That's all. DYOR