🩸 NFP DATA — WHAT TO WATCH
Hello everyone. NFP data is coming today.
Previous NFP: 162K
Forecast: 89K
NFP measures job growth in the U.S. non-farm sectors and gives us an important picture of the labor market.
📌 NFP Scenarios
- 89K or below: Could be bullish for Gold and potentially supportive for Crypto.
- Above 89K: Stronger-than-expected jobs data could strengthen the USD and increase rate-hike expectations, putting pressure on Gold and Crypto.
📊 Average Hourly Earnings
Previous: 0.3%
Forecast: 0.3%
Higher-than-expected earnings can add inflation pressure, while weaker earnings may reduce it.
📉 Unemployment Rate
Previous: 4.1%
Forecast: 4.1%
- Below 4.1%: Stronger labor market → potentially bearish for Gold & Crypto.
- Above 4.1%: Weaker labor market → potentially supportive for Gold & Crypto as rate-cut expectations can increase.
🔥 Today’s focus: NFP + Unemployment Rate + Average Hourly Earnings.
Trade with proper risk management.
$BTC
$XAU
$ETH
Hello everyone. NFP data is coming today.
Previous NFP: 162K
Forecast: 89K
NFP measures job growth in the U.S. non-farm sectors and gives us an important picture of the labor market.
📌 NFP Scenarios
- 89K or below: Could be bullish for Gold and potentially supportive for Crypto.
- Above 89K: Stronger-than-expected jobs data could strengthen the USD and increase rate-hike expectations, putting pressure on Gold and Crypto.
📊 Average Hourly Earnings
Previous: 0.3%
Forecast: 0.3%
Higher-than-expected earnings can add inflation pressure, while weaker earnings may reduce it.
📉 Unemployment Rate
Previous: 4.1%
Forecast: 4.1%
- Below 4.1%: Stronger labor market → potentially bearish for Gold & Crypto.
- Above 4.1%: Weaker labor market → potentially supportive for Gold & Crypto as rate-cut expectations can increase.
🔥 Today’s focus: NFP + Unemployment Rate + Average Hourly Earnings.
Trade with proper risk management.
$BTC
$XAU
$ETH