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
67,610.01
+1.44%
ETH
2,065.45
+3.53%
LINK
8.86
+4.60%