Tomorrow's NFP could wreck or pump everything—$BTC included.
Bond yields won't stop climbing. PCE came in softer than expected, which cooled rate hike odds. Now all eyes are on the jobs report dropping 9:30 AM ARG time. This number will likely decide if the Fed hikes in October.
What to watch:
• Nonfarm payrolls expected to drop from 162K to 89K
• Unemployment rate holding at 4.1%
• Average hourly earnings staying at 0.3%
WEAK jobs = bullish for risk assets. Kills rate hike fears.
STRONG jobs = markets dump. Fed stays hawkish. $BTC catches the downside.
This isn't noise. This is the macro pivot that moves liquidity across the board.
Bond yields won't stop climbing. PCE came in softer than expected, which cooled rate hike odds. Now all eyes are on the jobs report dropping 9:30 AM ARG time. This number will likely decide if the Fed hikes in October.
What to watch:
• Nonfarm payrolls expected to drop from 162K to 89K
• Unemployment rate holding at 4.1%
• Average hourly earnings staying at 0.3%
WEAK jobs = bullish for risk assets. Kills rate hike fears.
STRONG jobs = markets dump. Fed stays hawkish. $BTC catches the downside.
This isn't noise. This is the macro pivot that moves liquidity across the board.