🚨 All eyes are on today’s US Non-Farm Payrolls (NFP) report, one of the key economic releases capable of moving global markets.
Markets are expecting around 90,000 new jobs, down from 162,000 previously, while the unemployment rate is projected to remain at 4.1%.
A weaker labor market could point toward a cooling US economy, while a stronger-than-expected number could shift expectations around interest rates. Either outcome may trigger sharp volatility.
💵 The US Dollar could move quickly in either direction, while US stocks are likely to react to the strength of the data.
📈 Crypto markets won’t be unaffected. $BTC , $ETH and $SOL could also experience increased volatility as traders respond to changes in the dollar and overall risk sentiment.
⚠️ Traders are watching the release closely and staying cautious ahead of the numbers.#NFPWatch #XRPPostsFirstThreeGreenMonthsInQ3 #EthereumFoundationLaunchesZkAPIOnMainnet #EvernorthPlansNasdaqListingOct8 #SECProposesCryptoCustodyFramework
Markets are expecting around 90,000 new jobs, down from 162,000 previously, while the unemployment rate is projected to remain at 4.1%.
A weaker labor market could point toward a cooling US economy, while a stronger-than-expected number could shift expectations around interest rates. Either outcome may trigger sharp volatility.
💵 The US Dollar could move quickly in either direction, while US stocks are likely to react to the strength of the data.
📈 Crypto markets won’t be unaffected. $BTC , $ETH and $SOL could also experience increased volatility as traders respond to changes in the dollar and overall risk sentiment.
⚠️ Traders are watching the release closely and staying cautious ahead of the numbers.#NFPWatch #XRPPostsFirstThreeGreenMonthsInQ3 #EthereumFoundationLaunchesZkAPIOnMainnet #EvernorthPlansNasdaqListingOct8 #SECProposesCryptoCustodyFramework
