Kraken said in an announcement that active traders enter the week with four high-signal US macro releases in four days, ending with nonfarm payrolls on Friday at 8:30 a.m. ET. The brief frames the sequence as unusually dense and warns traders to treat each datapoint as an input to a larger policy and tariff story.
The Job Openings and Labor Turnover Survey showed job openings at 6.9 million, a precise 6.882 million, down 358,000 from an upwardly revised January 7.24 million and modestly below consensus of 6.918 million. Hires fell to 4.8 million, down 498,000 for the month, and the hires rate slipped to 3.1%, the lowest since April 2020. The quits rate held at 1.9%, layoffs and discharges stayed at 1.7 million, and separations exceeded hires.
ISM Manufacturing will publish early in the week amid a new tariff cost environment created by the replacement of prior IEEPA-based tariffs with a 10% global surcharge under Section 122. The brief flags legal challenges from 24 states, the risk the rate could rise to 15%, and new Section 301 probes. Traders will watch the Prices Paid and New Orders subindices for signs of stagflation or demand destruction.
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Friday brings the nonfarm payrolls and the ISM Services PMI within a two-hour window. February payrolls were -92,000 with revisions shaving 69,000 from prior months; that backdrop will shape how markets read any March reversal or further weakness. February services came in at 56.1, with a Prices Index at 63%, underscoring persistent service-sector price pressure even as activity stayed strong.
Kraken highlights relevant markets on Kraken Pro: BTC/USD and ETH/USD spot and margin pairs, macro-sensitive spot pairs, and futures. "This content is for informational purposes only and does not constitute financial advice," the company said in an announcement.
The recap
- Four high-signal US macro releases arrive across one trading week.
- Job openings totaled 6.882 million, slightly below consensus.
- Nonfarm payrolls and ISM Services publish Friday morning, same window.
