Crypto currency Investors’ eye ears will be in the US data this week. On Sunday, we shared the details of the future data. From the days today Jolts And a very important data for US employment measurement was announced. So what do the latest data mean for crypto currencies?
Crypto coins and US data
The effect of macroeconomic developments on graphics went beyond technical analysis in crypto currencies. In particular, delayed interest rate cuts continue to postpone the big rise that Altcoin investors have been waiting for a long time. The Fed’s need to take action is that it will receive a worrying regression signals in employment.
Jolts Open job postings came today before the key data such as non -agricultural employment came on Friday.
- USA Jolts Described: 7,391m (Expectation: 7.1 million Previous: 7,192m)
Employment still seems strong and we have seen ascension, not a decline compared to the previous month. This is a data against crypto currencies because the Fed is supportive to delay interest cuts. The good news is to explain -3.7% of factory orders against -3.2% expectation. Although employment seems strong for now, the decrease in orders shows that a delayed decrease in the labor force can be seen, and Jolts may not trigger big losses while causing a short -term decrease in crypto.
Will come on Friday Non -agricultural employment And the importance of other data has become more important to confirm the employment status.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
