#USNonFarmPayrollReport 📊 #USNonFarmPayrollReport

The non-farm payroll data in the U.S. (NFP) is key to measuring economic strength and the direction of the Fed's monetary policy:

A stronger than expected NFP 👉 could strengthen the dollar, put downward pressure on BTC and gold, and create volatility in stocks.

A weaker than expected NFP 👉 would raise expectations for rate cuts, which is usually positive for crypto and gold.

⚡ Markets will be attentive to:

Job creation.

Unemployment rate.

Wage growth.

👀 In crypto, this report usually generates immediate spikes in volatility and sets trends in the short term.