At 20:30 tonight, the United States will release the August non-farm payroll report, including employment data, unemployment rate, and wage levels. This report is considered a key event for the financial markets this week, and its results may indirectly influence the direction of the cryptocurrency market in September.
Let's delve into a few core data points:
1. Unemployment Rate: The previous value was 4.2%, with expectations rising to 4.3%. This slight increase may suggest that the U.S. labor market is cooling down. If the unemployment rate does rise, the Federal Reserve may lean towards easing monetary policy, or even cutting interest rates sooner, which would have a significant impact on the encryption market.
2. Non-farm payroll: The previous value was 73,000, with expectations for a slight increase to 75,000. Although there is an anticipated growth, this figure remains relatively low, reflecting insufficient resilience in the labor market, which has yet to return to a trajectory of strong growth.
3. Average Wage: The expected annual growth rate has been reduced from 3.9% to 3.7%, while the monthly rate remains at 0.3%. The slowdown in wage growth may indicate a reduction in inflationary pressures, which could lessen the necessity for further interest rate hikes by the Federal Reserve.
The potential impact of non-farm data on the cryptocurrency market can be divided into two scenarios:
Scenario 1: If the data is weaker than expected, such as the unemployment rate rising above expectations or employment numbers being below expectations, the Federal Reserve may lean towards adopting a more accommodative policy. In this case, market expectations for interest rate cuts will strengthen, which may lead to a weakening of the dollar, and capital flowing into risk assets, including major encryption assets, may see significant increases.
Scenario 2: If the data exceeds expectations, such as a recovery in the job market or wage growth surpassing expectations, the market may worry that the Federal Reserve will maintain a hawkish stance. This could lead to a strengthening of the dollar, putting pressure on the cryptocurrency market in the short term. However, in the long run, as US stocks and bonds may be pressured by interest rate hike expectations, some safe-haven funds may flow into the cryptocurrency market, injecting new vitality into it.
Overall, today's non-farm data will have a significant impact on the market regardless. Investors should closely monitor the market reaction after the data is released and adjust their investment strategies based on the actual situation.
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rekt_but_resilient
· 3h ago
I'm an old sucker in the crypto world, ready to buy the dip!
View OriginalReply0
MintMaster
· 3h ago
Just looking bearish.
View OriginalReply0
SoliditySlayer
· 3h ago
It’s that time of year to Be Played for Suckers.
View OriginalReply0
defi_detective
· 3h ago
The digital money market is fluctuating in the early session, waiting to watch the non-farm data.
View OriginalReply0
SolidityStruggler
· 3h ago
BTC is going to change tonight.
View OriginalReply0
NewPumpamentals
· 4h ago
The crypto world has been waiting for this moment.
At 20:30 tonight, the United States will release the August non-farm payroll report, including employment data, unemployment rate, and wage levels. This report is considered a key event for the financial markets this week, and its results may indirectly influence the direction of the cryptocurrency market in September.
Let's delve into a few core data points:
1. Unemployment Rate: The previous value was 4.2%, with expectations rising to 4.3%. This slight increase may suggest that the U.S. labor market is cooling down. If the unemployment rate does rise, the Federal Reserve may lean towards easing monetary policy, or even cutting interest rates sooner, which would have a significant impact on the encryption market.
2. Non-farm payroll: The previous value was 73,000, with expectations for a slight increase to 75,000. Although there is an anticipated growth, this figure remains relatively low, reflecting insufficient resilience in the labor market, which has yet to return to a trajectory of strong growth.
3. Average Wage: The expected annual growth rate has been reduced from 3.9% to 3.7%, while the monthly rate remains at 0.3%. The slowdown in wage growth may indicate a reduction in inflationary pressures, which could lessen the necessity for further interest rate hikes by the Federal Reserve.
The potential impact of non-farm data on the cryptocurrency market can be divided into two scenarios:
Scenario 1: If the data is weaker than expected, such as the unemployment rate rising above expectations or employment numbers being below expectations, the Federal Reserve may lean towards adopting a more accommodative policy. In this case, market expectations for interest rate cuts will strengthen, which may lead to a weakening of the dollar, and capital flowing into risk assets, including major encryption assets, may see significant increases.
Scenario 2: If the data exceeds expectations, such as a recovery in the job market or wage growth surpassing expectations, the market may worry that the Federal Reserve will maintain a hawkish stance. This could lead to a strengthening of the dollar, putting pressure on the cryptocurrency market in the short term. However, in the long run, as US stocks and bonds may be pressured by interest rate hike expectations, some safe-haven funds may flow into the cryptocurrency market, injecting new vitality into it.
Overall, today's non-farm data will have a significant impact on the market regardless. Investors should closely monitor the market reaction after the data is released and adjust their investment strategies based on the actual situation.