📅 U.S. Macro Calendar – Jobs Data Week (Focus on NFP)

Tuesday – 🇺🇸 JOLTS Job Openings

🔎 Gauge of labor demand & hiring appetite.

High openings → Strong labor market → Fewer Fed cuts (⚠️ bearish risk assets, bullish USD).

Low openings → Cooling demand → Supports cuts (✅ bullish stocks/crypto, bearish USD).

Wednesday – 🇺🇸 ADP Employment + ISM Manufacturing PMI

ADP: Private hiring trends, often a lead into Friday’s NFP.

• Strong = Hawkish Fed (📉 stocks/crypto, 📈 USD).

• Weak = Dovish tilt (📈 risk assets).

ISM PMI: Factory activity & inflation signals.

• >50 = Expansion, <50 = Contraction.

• Hot inflation (prices paid) → Higher yields & stronger USD.

Thursday – 🇺🇸 Jobless Claims

📊 Weekly layoffs snapshot.

Low claims = Still tight labor → Fed cautious (bearish risk assets).

Rising claims = Labor softening → Rate cut bets grow (bullish risk assets).

Friday – 🇺🇸 Nonfarm Payrolls (NFP) + Unemployment Rate → Main Event

Strong jobs + low unemployment = Fed delays cuts (📉 risk assets, 📈 USD).

Weak jobs + higher unemployment = Fuels October cut bets (📈 stocks/crypto, 📉 USD/yields).