ADP Jobs -32K Vs +115K Exp – Worst Miss Since 2020 Recession
ADP private payrolls plunged -32K in January (vs +115K expected), first decline since April 2020 COVID layoffs; services +25K offset goods -57K. NFP preview signals Fed pause, DXY rallies as risk-off hits. BTC/ETH dip -2.3%/-3.2%.
Conversion angle / CTA:
“Short BTC perps on #ADPDataDisappoints recession fears targeting $88K, hedge with cash if NFP confirms weakness.”
#ADPDataDisappoints #JobsMiss #RecessionOrRecovery #FedPause
BTC
66,142.05
-1.62%
ETH
1,831.15
-4.20%
LINK
8.318
-2.61%