On the evening of January 15th, the US employment data was just released, and the market reaction is quite interesting.

This week's initial jobless claims data is 198,000, compared to the previous value of 208,000. Traders are generally bullish, expecting it to jump to around 215,000, but it actually decreased — this is the so-called positive signal.

Once the data was out, the market exploded. This put obvious pressure on precious metals, with gold and silver support levels clearly under pressure. From the perspective of the crypto market, strong US economic data often means increased expectations of dollar appreciation, which can somewhat drag down the performance of digital assets.

From a technical standpoint, this kind of better-than-expected employment data usually reinforces market expectations of Federal Reserve policy adjustments, thereby affecting risk asset allocations. The signals from this data release deserve a four-and-a-half-star rating.