TechFlow news, at 8:30 PM Singapore time on May 9, 2024, the U.S. Department of Labor will release the number of initial jobless claims (in ten thousand) for the week ending May 4.
Expected impact: The market broadly anticipates that U.S. employment data will affect the U.S. dollar index and rate cut expectations, potentially influencing risk markets and the cryptocurrency market.
Data impact: If the actual value > expected value, it is bearish for the U.S. dollar and bullish for non-USD currencies. It increases expectations for rate cuts and reduces expectations for rate hikes.
XT Research Institute's attention rating: 🌟🌟🌟🌟
XT Research Institute notes: Data source is Jinshi Data; this report is not intended as investment advice.
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