The US jobs report drops today at 6:00 PM IST. Here is how to read it in 60 seconds.
Three numbers matter:
1. Jobs added (nonfarm payrolls). August was 162,000. A strong number means the economy is still running hot.
2. Unemployment rate. Last read was 4.1% and slowly falling.
3. Wage growth. Rising wages keep inflation sticky.
Why crypto cares: a strong report gives the Fed room to hike again on Oct 28. Higher rates make bonds attractive and pull money away from risk assets like $BTC and growth stocks.
A weak report does the opposite, until it gets weak enough to bring recession fear.
Markets want a Goldilocks number. Not too hot, not too cold.
I do not trade the first 15 minutes after the release. The spike and reverse trap is real.
Do you stay out during news, or do you trade the volatility?
Education only, not financial advice.
#JobsReport #NFP #Macro $BTC
Three numbers matter:
1. Jobs added (nonfarm payrolls). August was 162,000. A strong number means the economy is still running hot.
2. Unemployment rate. Last read was 4.1% and slowly falling.
3. Wage growth. Rising wages keep inflation sticky.
Why crypto cares: a strong report gives the Fed room to hike again on Oct 28. Higher rates make bonds attractive and pull money away from risk assets like $BTC and growth stocks.
A weak report does the opposite, until it gets weak enough to bring recession fear.
Markets want a Goldilocks number. Not too hot, not too cold.
I do not trade the first 15 minutes after the release. The spike and reverse trap is real.
Do you stay out during news, or do you trade the volatility?
Education only, not financial advice.
#JobsReport #NFP #Macro $BTC
