Today is one of the biggest macro events of the month. The US September jobs report is due at 12:30 UTC on Friday, October 2, and it can shake Bitcoin, gold, stocks and the dollar within minutes. (tiomarkets)
📊 The expectations
Headline NFP: about +90K jobs, versus +162K the previous month (xtb)
Unemployment rate: expected to hold at 4.1% (xtb)
Wages: +0.3% month-on-month (xtb)
Last month's big number was a surprise, so some analysts expect hiring to cool. TD Securities, for example, sees a marked loss of momentum, around 50K. (fxstreet)
⚡ Why crypto cares
Strong data → higher yields and a stronger dollar → pressure on risk assets like $BTC
Weak data → more room for a dovish Fed shift → a weaker dollar, which can support risk assets
Unemployment and wage numbers may sway Fed expectations as much as the headline. Don't look at only one number. (forexfactory)
🛡️ How to trade the volatility
Expect sharp moves and wide spreads right after release.
Avoid high leverage. Fake-outs are common in the first minutes.
Wait for the candle to settle before entering.
Always use a stop-loss.
📌 What's your NFP prediction: above or below 90K? Comment below 👇
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