There is a major data release at 9:30 PM tonight — US Initial Jobless Claims. The previous figure was 224,000. Although this indicator sounds dull, it is a key factor in assessing the health of the labor market.
Why is it key? Because if the data surprises expectations, it will directly influence the Federal Reserve's interest rate cut pace. Changes in rate cut expectations often become the market's compass for the crypto market. Assets like the US dollar, Bitcoin, and Ethereum are very likely to experience sharp movements after the data is released.
If you hold BTC or ETH, this time window is worth paying close attention to. The market could behave interestingly.
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AlphaWhisperer
· 4h ago
It's that kind of data curse again, every time it's a gamble.
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AirdropHunterXM
· 4h ago
It's that time again... Every time the unemployment data is released, I have to watch the market closely. I'm damn becoming a slave to the Federal Reserve.
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MemecoinTrader
· 5h ago
watching this jobless data drop like it's the fed's psych evaluation... market gonna get real spicy in like 3 hours ngl
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CounterIndicator
· 5h ago
Damn, it's this crappy data again, always like gambling every time.
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Web3Educator
· 5h ago
nah but here's the thing—jobless claims data literally moves everything, and my students never realize how interconnected it all is until i walk them through the fed's reaction function. fundamentally speaking, this is exactly why understanding macroeconomics matters in web3. tonight's drop could be chaotic tbh
There is a major data release at 9:30 PM tonight — US Initial Jobless Claims. The previous figure was 224,000. Although this indicator sounds dull, it is a key factor in assessing the health of the labor market.
Why is it key? Because if the data surprises expectations, it will directly influence the Federal Reserve's interest rate cut pace. Changes in rate cut expectations often become the market's compass for the crypto market. Assets like the US dollar, Bitcoin, and Ethereum are very likely to experience sharp movements after the data is released.
If you hold BTC or ETH, this time window is worth paying close attention to. The market could behave interestingly.