After the Non-Farm Employment data announced today in the USA, which was well above the expectations, investors began to wonder what this data means.
Non-Farm Employment data announced in the USA at 15.30 today, your expectations almost It came in double. Non-Farm Employment data for market expectations 180 thousand while you are around 339 thousand disclosed in the market it came as a shock. After the announcement, which created great volatility, investors began to wonder what the data meant.
So what does this data mean?
Non-Farm Employment data of working people outside the agricultural industry in the country express the change is doing. The upward progression of this data good economy to the situation and money will be stronger It means. In this direction, in scenarios where the rate is higher than the expectations, the ones that perform in inverse correlation with Bitcoin. dollar index (DXY) is moving upwards.
on the other hand on 14 June The data to be announced today is expected to be very effective at the US Federal Reserve (FED) meeting to be held. Before the Chicago Mercantile Exchange (CME) Nonfarm Payrolls data are out, according to FedWatch 55% likely no rate hike but after the explanation this rate Up to 70% rise lived.
The increase in DXY directly affects the price of Bitcoin. Bitcoin, value against dollar after statement in altcoins while experiencing loss Similar regressions were also observed. What’s Happening in Bitcoin decline and to DXY The rising trend supports this situation.
Also, the unemployment rate in the United States 3.4% % of level3.7 level rose. Although these rates indicate that the economy is still not recovering, will be taken by the Fed. Decisions are eagerly awaited.
