WEAK LABOR MARKET IN THE USA: HOW THIS AFFECTS SENTIMENT IN THE CRYPTO MARKET
🇺🇸 US Macroeconomic Data (ADP, November):
Fact: –32K
Forecast: +5K
Previous: +47K
ADP is a preliminary report on employment in the private sector. When the number of employed falls, it indicates a slowing economy. In a normal situation, the market reacts cautiously to such data, but in the context of the Fed's policy, everything is a bit more complicated.
If the economy cools down, the Fed has more reasons not to tighten policy and may even consider lowering rates in the future. For the crypto market, this is often a positive backdrop because cheap money flows more easily into risk assets.
But it's important to remember: one weak report is not yet a trend. It only reinforces market expectations of potential policy easing but does not finalize them.
Conclusion:
A decrease in employment is a factor that can support the crypto market in the short term, but the situation remains mixed. Investors will wait for confirmations in other labor market reports (NFP, unemployment) and comments from the Fed. Right now, the number itself is not as important as its impact on rate expectations.
Today, there will be 2 more indicators, a day that could swing in different directions.
