Some key takeaways from the Non-Farm Payrolls report:
🔺 Unemployment rate fell from 4.6% to 4.4%, lower than the forecast of 4.5% -> Good
🔺 New jobs reached 50,000, lower than the previous month's 64,000 -> Bad
🔺 Average hourly earnings increased by 0.3%, meeting expectations and 0.1% higher than the previous month -> Good
👉 Overall assessment:
The news is generally positive, but don't get carried away by FOMO. At 10 PM, there will be more news regarding the US court ruling on Trump's tariff issues; it's highly likely that market makers will take advantage of the volatility to sweep both ends of the market.
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