๐จ BREAKING MARKET ALERT ๐จ
๐ US Jobless Claims just dropped:
Expected: 226K
Actual: 235K
Thatโs a clear miss โ more people filed for unemployment than the market was pricing in
โ ๏ธ Why this matters
Signs of a cooling labor market โ Fed gets one step closer to a rate cut ๐ช
But in the short-term brace for sharp swings in USD, Stocks & Crypto โก
๐ Weak Jobs Data = Pressure on the Dollar
๐ Easier Fed = Possible Relief Rally for Risk Assets$BTC
$ETH Higher Unemployment Claims โ Relief Rally or More Pain Ahead?โ
๐ Traders โ whatโs your take? Is this a bearish signal or a perfect setup for a bounce?
#MarketUpdate #UnemploymentClaims #FedWatch #PowellSpeech #CryptoNews๐๐ฅ