TechFlow news, XT reminds you: at 20:30 Singapore time on July 5, 2024, the U.S. Department of Labor will release the U.S. unemployment rate for June, and the U.S. Bureau of Labor Statistics will publish the seasonally adjusted nonfarm payroll employment (in ten thousand persons) for June.
Release frequency: Once per month (typically on the first Friday of each month, except when affected by special holidays or statistical cycle issues)
Expected impact: Since Federal Reserve Chair Powell has repeatedly emphasized that the Fed would consider rate cuts only when the unemployment rate is above 4% and inflation is below 2%, the market widely expects that the U.S. unemployment data will influence rate cut expectations, the U.S. dollar index, U.S. Treasury yields, and could significantly transmit impacts to risk markets and cryptocurrency markets.
Data impact: The previous value of the U.S. unemployment rate in June was 4%, with a forecasted value also at 4%. If the actual released figure > forecasted value, it will be bearish for the U.S. dollar and bullish for non-USD currencies; bearish for Treasury yields; bullish for rate cut expectations and bearish for rate hike expectations; bullish for risk markets and bullish for the cryptocurrency market.
*Not intended as investment advice
