Jobless Claims - ANALYSIS

Jobless claims measure the number of people who filed for unemployment insurance for the first time during the past week, and what we saw was a slight increase in these numbers.

This is the first economic data from the United States since Trump's inauguration, but the impact on the market varies from week to week. A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.

If we take into account the previous moments, the increase in unemployment insurance increases the probability of a rate cut. The slowdown in job creation in the labor market and the increase in the unemployment rate can lead to a rate cut.

So we may be in a new moment, in which the FED reviews its previous position of not having any more interest rate cuts for now and once again reconsiders this position, which would undoubtedly be very good for the crypto market.