Bitfinex Forecasts Market Impact from Upcoming Economic Data Releases

A crucial four-week period is approaching, marked by key economic data releases and the Federal Reserve's blackout period. The outcome of these developments could significantly impact risk sentiment and cryptocurrency flows.

The U.S. Non-Farm Payrolls (NFP) report on April 3 is expected to show job growth between 40,000 and 85,000 jobs, with a consensus around 60,000. This would represent a recovery from February's unexpected contraction of 92,000 jobs.

The subsequent Consumer Price Index (CPI) report on April 10 is projected to show higher-than-expected figures, reinforcing the prevailing no-cut narrative. The Federal Open Market Committee (FOMC) meeting on April 28-29 is expected to leave rates unchanged, with market participants focusing on the tone of officials during the press conference.