is on the back foot ahead of the key U.S. data release, which could bring pain to risk assets, including cryptocurrencies.
The jobless rate is forecast to hold steady at 3.8%, while the year-on-year growth in average hourly earnings likely slowed to 4% from 4.2%. “Good data is bad for markets – The overly eager dovish interpretation of Powell’s comments heightens the risk around an upside surprise for today’s NFP data. A soft jobs data will probably propel markets higher,” Solot
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