According to @Tier1Alpha, today's US economic data revealed a wider goods trade balance deficit, aligning with expectations, and March inventories that met consensus estimates. However, the JOLTs report showed a significant miss on job openings and a higher-than-anticipated rate of job quits. Historically, markets often see an initial bounce following weaker economic data, which could influence short-term trading strategies in both equities and crypto markets. Traders should closely watch for volatility as these developments may affect risk sentiment and liquidity in the near term (source: @Tier1Alpha).

According to CryptoMichNL, recent unemployment data shows significant downturns in key metrics: JOLTS Job Openings and ADP Non-Farm Employment Change both hit their worst levels in three years, while Non-Farm Employment Change is at its second worst in the same period. This has resulted in increased uncertainty, driving gold prices upwards.