Tonight, a slew of US employment data is coming in, and market sentiment is about to take off!
Countdown begins: At 20:30, first up is the corporate layoff data; at 21:30, the most crucial—the weekly initial jobless claims (market expects 220,000). Wrapping up at 23:00, we have the supply chain pressure index and factory orders data.
These numbers are pretty important, but honestly, traders have already taken their positions. A 25 basis point Fed rate cut in December? Odds on Polymarket have surged to 94%—it’s basically a done deal. Now we're just waiting for this round of data to "confirm the stamp." If the numbers turn out as weak as expected, the rate cut expectation will only solidify.
Got your wallet ready? Liquidity is coming.
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LeekCutter
· 12-04 12:37
The odds are already as exaggerated as 94%, do people really think there will be a reversal? Haha
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Here we go again, no matter if the data is good or bad, it's all considered bullish for rate cuts. Why do I feel like I'm being played?
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Even if liquidity comes, it won't be our turn as retail investors. Let's see how the whales operate first.
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The 21:30 data is the real key, everything else is just background.
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Wait, can it really drop this time or is it just another round of back-and-forth?
Tonight, a slew of US employment data is coming in, and market sentiment is about to take off!
Countdown begins: At 20:30, first up is the corporate layoff data; at 21:30, the most crucial—the weekly initial jobless claims (market expects 220,000). Wrapping up at 23:00, we have the supply chain pressure index and factory orders data.
These numbers are pretty important, but honestly, traders have already taken their positions. A 25 basis point Fed rate cut in December? Odds on Polymarket have surged to 94%—it’s basically a done deal. Now we're just waiting for this round of data to "confirm the stamp." If the numbers turn out as weak as expected, the rate cut expectation will only solidify.
Got your wallet ready? Liquidity is coming.