📉 Market dynamics after the release of non-farm data 🌐📊
After the release of yesterday's non-farm data, the market initially reacted positively to risky assets, driving a short-term rally🚀. However, as the market began to reassess expectations for a rate cut in September, bullish sentiment took a sharp turn🔄.
🔍 Key data:
Changes in expectations for rate cuts: After the release of non-farm data, market expectations for a 50 basis point rate cut were as high as 55%. But as of this morning, this expectation has fallen to 30%, while the possibility of a 25 basis point rate cut has risen to 70%📉.
Calmness in the options market: Despite the decline in the cryptocurrency market, the options market remained relatively calm, and even a large amount of put option selling was observed📉. Front-end volatility declined throughout the trading session🔽.
📈 My analysis:
The market's fluctuations in expectations for the extent of the rate cut show a mixed view of future policies, and the calmness of the options market may indicate that investors are cautious about the current trend. In the coming days, the cryptocurrency market may continue to adjust amid uncertainty🔄.