Non-farm data release

The seasonally adjusted non-farm employment figure for the US in November is 227,000, expected 200,000, with the previous value revised from 12,000 to 36,000. This marks the largest increase since March 2024, exceeding expectations, and the employment growth is the largest in six months; bearish for the dollar, bullish for crypto

The unemployment rate in the US for November is 4.2%, expected 4.2%, previous value 4.10%; the impact is not significant

Traders assess that the probability of a rate cut in December has risen to 85%, continuing to be bullish

In my last post, I mentioned there would be a spike, and look, the big bullish candlestick is here

Don’t rush to open positions, wait for stability and assess the situation

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