$BTC
The unemployment rate has reached a four-year high, yet U.S. stocks have risen?
U.S. non-farm data triggered a major market reversal!
On December 16, the U.S. released two key economic data points for November, both of which exceeded market expectations and triggered a collective movement in global asset prices.
Specifically, the unemployment rate in the U.S. rose to 4.6% in November, the highest level since September 2021, indicating that finding a job has become significantly more difficult; at the same time, the number of new non-farm jobs added that month reached 64,000, which was also more than previously estimated.
Upon the release of this data, the market immediately reacted: U.S. stock index futures, which had previously shown unclear trends, directly turned upward, and investor sentiment clearly warmed. In the currency market, non-U.S. currencies collectively strengthened, with the euro rising more than 10 points against the dollar, reported at 1.1791; the pound gained even more, nearly 20 points, reported at 1.3452; while the dollar fell 30 points against the yen, reaching 154.39. The U.S. dollar index, which measures the overall strength of the dollar, even fell below the 98 mark, marking the first occurrence of this since October 6. Safe-haven assets also received a boost, with spot gold rising $5 in a short time, hitting a maximum of $4306 per ounce, continuing its recent strong performance.
