Volatility incoming!
U.S Non-Farm Payrolls and employment numbers are due out in a couple hours. The main things to look for: the Expectations are for 140k jobs to be added for September with the unemployment rate expected to stay unchanged at 4.2%. Remember the FED is watching employment data closely and these numbers will determine the level of rate cuts for the next FED meeting. If the unemployment rate rises above 4.4% (FED 2024 projection) and NonFarm Payrolls come in below 100K we could see a bullish reaction in Crypto and risk markets and a sell off in the USD. If the Unemployment rate comes in below 4.1% and Non-Farm Payrolls above 200K we could see a sell off in Crypto and risk markets.