The data of interest next week is the August nonfarm payroll report, due for release on Friday, September 6. Following the weak July employment report, this was perhaps the final straw to force the Fed to commit to a rate cut in September. However, the market is currently expecting just a 25 basis point rate cut in mid-September. However, two consecutive weak employment reports could quickly force investors to price in a 50 basis point rate cut by the central bank, creating a strong positive shock to risk markets, including Bitcoin.
