Tonight 20:30 — Non-Farm Payrolls explosion! Is the crypto weekend going to end up killing people?

Don’t think that since the US stock market is closed, it’s all fine. The 3-month Non-Farm Payrolls at 20:30 tonight is the real trigger for market action!

Market expectations are for employment to increase by 60,000. That means we can get out of the previous “negative growth” spiral. But the problem now is this: if the data is good, then the Federal Reserve rate cuts are completely out of the question, and the crypto market will keep coming under pressure; if the data is bad, rate-cut expectations will be cranked up to the max, but the Middle East geopolitical conflict + the surge in oil prices will send inflation expectations through the roof—and it’s still a no-win situation either way.

What’s even more brutal is that today, the US stock market, as well as gold, silver, and oil, are all closed—so when the data comes out, there’s no way to react instantly. All emotions and all expectations will be stockpiled, then released all at once when the market opens next Monday.