Tonight's key focus is on the initial jobless claims data 📊



If the reported value is ≤ 200k: Employment resilience exceeds expectations, further delaying the Fed's rate cut expectations, the dollar strengthens, spot gold and silver come under pressure, and mainstream cryptocurrencies like BTC and ETH weaken;

If the reported value is ≥ 205k: Employment marginally weakens, possibly boosting market bets on rate cuts, the dollar weakens, spot gold may rebound, and the crypto market is expected to recover!

Currently, the data is in a historically low range, reflecting that the U.S. labor market has not experienced a large-scale deterioration, which is also one of the key reasons the Fed maintains interest rates unchanged and delays rate cuts.
PAXG0.24%
BTC-0.46%
ETH-0.92%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned