The initial jobless claims data in the United States was better than expected, significantly warming market expectations for a Federal Reserve interest rate cut in December.

Last night, the actual value of the first-time jobless claims data in the United States was announced at 216,000, better than the forecasted value of 222,000. As a result, expectations for a Federal Reserve interest rate cut have increased, leading to a general rise in U.S. stocks, gold, and cryptocurrencies, while the U.S. dollar index has come under pressure and declined.

According to the latest data from the CME FedWatch tool, the market's implied probability of the Federal Reserve cutting interest rates by 25 basis points at the December meeting has risen to 84.7%, reflecting a significant increase in market expectations.

At the same time, the US stock market rose across the board this morning. By the close of the US stock market, the Dow Jones was up 0.67%; the Nasdaq was up 0.82%; the S&P 500 was up 0.67%;

In the one to two hours following the announcement of the figures, gold experienced a slight increase, but by the close, it had seen a small decline of 0.23% to $4153/ounce;

In addition, the US Dollar Index (DXY) also fell as expected yesterday, experiencing a slight decline of 0.14%, dropping below 100.

Since DXY is an inverse indicator of Bitcoin, the decline in DXY prices due to this data has also brought upward momentum to the crypto market.

According to TradingView market data, since the announcement of initial jobless claims in the United States last night, coupled with the expected pressure on the DXY causing it to fall; the price of Bitcoin has risen sharply, and as of now, it has increased by over 5.5% to around $91,800.

In summary, the unemployment claims data released last night in the U.S. exceeded expectations, which not only raised market expectations for a Federal Reserve interest rate cut but also drove a broad rally in U.S. stocks and cryptocurrencies.

At the same time, the decline in gold and the US dollar index provides upward momentum for the crypto market, and the simultaneous rise in Bitcoin prices also reflects the market's positive attitude towards cryptocurrencies.

However, investors still need to pay attention to the Fed's final decision and the changes in the global economic environment in order to make more informed investment decisions.

#失业金数据 # interest rate cut expectations