2023.4.5 8:20 pm

U.S. ADP employment in March was 145,000, compared with expectations of 200,000 and the previous value of 242,000.

Less than expected, employment is not that strong, which means that the U.S. economy is at risk of recession, and interest rate hike expectations will be reduced accordingly. Gold and futures that are hedged with the U.S. dollar are bullish in the short term, and interest rate cuts are expected to stimulate the economy in the medium and long term, which is bullish for risky assets! Mid- to long-term benefits for U.S. technology stocks, BTC and other crypto assets!