Tonight at 20:30, the U.S. June non-farm payroll data is coming in heavy, are you ready, guys?
The market predicts that the unemployment rate in June will rise slightly from 4.2% in May to 4.3%, and non-farm employment is expected to increase by 110,000, down from 139,000 in May.
The expected number of initial unemployment claims (for the week ending June 28) is 240,000, slightly higher than the previous value of 236,000. The year-on-year average hourly wage is expected to remain steady at 3.9%, while the month-on-month rate is expected to drop from 0.4% to 0.3%.
Regardless of whether the data is good or bad, Trump may push for a rate cut! The market is restless. If the data is weak, expectations for a rate cut may push up cryptocurrency prices; if it exceeds expectations, Bitcoin may come under pressure.
Manage your positions well; tonight could be a spike or a bull return!
