Tuesday – 🇺🇸 JOLTS Job Openings
🔎 Gauge of labor demand & hiring appetite.
High openings → Strong labor market → Fewer Fed cuts (⚠️ bearish risk assets, bullish USD).
Low openings → Cooling demand → Supports cuts (✅ bullish stocks/crypto, bearish USD).
Wednesday – 🇺🇸 ADP Employment + ISM Manufacturing PMI
ADP: Private hiring trends, often a lead into Friday’s NFP.
• Strong = Hawkish Fed (📉 stocks/crypto, 📈 USD).
• Weak = Dovish tilt (📈 risk assets).
ISM PMI: Factory activity & inflation signals.
• >50 = Expansion, <50 = Contraction.
• Hot inflation (prices paid) → Higher yields & stronger USD.
Thursday – 🇺🇸 Jobless Claims
📊 Weekly layoffs snapshot.
Low claims = Still tight labor → Fed cautious (bearish risk assets).
Rising claims = Labor softening → Rate cut bets grow (bullish risk assets).
Friday – 🇺🇸 Nonfarm Payrolls (NFP) + Unemployment Rate → Main Event
Strong jobs + low unemployment = Fed delays cuts (📉 risk assets, 📈 USD).
Weak jobs + higher unemployment = Fuels October cut bets (📈 stocks/crypto, 📉 USD/yields).