US labor market data showed significant weakness for the second day in a row. Really very:

- Change in the number of employees in the private non-agricultural sector (July) - 97 thousand, with a forecast of 148 thousand and the previous figure of 136 thousand.

- Unemployment rate (July) - 4.3% with a forecast of 4.1% and the previous figure of 4.1%.

Taking into account this and yesterday's data on initial applications for unemployment benefits, the likelihood of reducing the US Federal Reserve interest rate in September has become even higher.

The forecast from#CMEGrouphas changed significantly:

- 0% - there will be either a pause or a decrease of 0.25 percentage points (at Powell’s speech on July 31 it was 14.3%).

- 30.5% - there will be a decrease of either 0.25 percentage points or 0.5 percentage points (at Powell’s speech on July 31 it was 85.6%).

- 69.5% - there will be a decrease by either 0.5 percentage points or 0.75 percentage points (at Powell’s speech on July 31 it was 0.1%).

That is, now the markets are laying out the most optimistic scenario. And this despite the fact that at a press conference on July 31, Powell directly stated: “We are not now thinking about reducing the rate by 0.5 percentage points right away.”

On the one hand, this now creates high expectations for September. On the other hand, market expectations will still cool down, but these labor market figures will not go away. And the Fed will be required to take them into account at its next meeting.

The#BTCrate on the publication of data made a local long squeeze clearly into the volume level of $64,120 and is still showing growth.