U.S. Non-Farm Payrolls Report
The non-farm payroll (NFP) data in the U.S. 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 increase expectations of 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 short-term trends.
