XT Research Institute: The US unemployment rate in June, which will be announced at 20:30, may affect market trends

XT Research Institute reminds that at 20:30 on July 5, 2024, Singapore time, the U.S. Department of Labor will announce the U.S. unemployment rate in June; the U.S. Bureau of Labor Statistics will announce the seasonally adjusted non-farm payrolls in June (10,000 people). Although both data are important, the unemployment rate data is particularly concerned by the market at present, so we will interpret it in detail. Because Federal Reserve Chairman Powell has repeatedly emphasized that interest rate cuts will only be considered when the unemployment rate is above 4% and inflation is below 2%. Therefore, the market generally expects that the U.S. unemployment rate data will affect interest rate cut expectations, the U.S. dollar index, and U.S. Treasury yields, and it is very likely to transmit the impact to risk markets and cryptocurrency markets. The previous value of the U.S. unemployment rate in June was 4%, and the forecast value was 4%. If the published value is greater than the expected value, it is bearish for the U.S. dollar, bullish for non-U.S., bearish for Treasury yields, bullish for interest rate cut expectations, bearish for interest rate hike expectations, bullish for risk markets, and bullish for cryptocurrency markets.