š„IMPORTANTš„
šÆThis week key DATA will be released that will move #Bitcoin and stocks.
What is expected, when will it be published, and how would it impact the financial marketsāļø
šMonday:
š¹ISM Manufacturing PMI at 11:00 ARG.
āExpected 49.3 vs 48.7 previously.
š¹Powell's statements at 14:00 ARG.
āAny phrase suggesting INTEREST RATE CUTS would be taken POSITIVELY by the financial markets.
šTuesday:
š¹JOLTS Job Openings (April) at 11:00 ARG.
āExpected 7.1M job openings vs 7.192M previously.
āA BIG drop in this data could worry investors about recession, but could also lead the FED to cut interest rates.
šWednesday:
š¹ADP Private Employment at 09:15 ARG.
āExpected 110K new jobs vs 62K previously.
š¹Services PMI at 10:45.
āExpected 52.3 vs the previous 50.8.
š¹ISM Non-Manufacturing PMI at 11:00 ARG.
āExpected 52.0 vs the previous 51.6.
āThe PMI is an ECONOMIC data that has a HIGH CORRELATION with #Bitcoin. It is crucial that the data shows GROWTH.
šThursday:
š¹Unemployment Claims at 09:30 ARG.
āExpected 232K vs the previous 240K. Fewer claims = strong labor market, which keeps us AWAY from recession.
šFriday:
š¹Average Hourly Earnings at 09:30 ARG.
āExpected 0.3% vs the previous 0.2%.
š¹Non-Farm Payrolls at 09:30 ARG.
āExpected 130K vs the previous 177K.
š¹Unemployment Rate at 09:30 ARG.
āExpected 4.2%, unchanged from the previous data.
āThis labor report is key, and its impact on the markets will depend on how the FED reacts.
āIf it comes in BAD, it could scare investors about recession, but it could also push the FED to CUT interest rates.
#Fed #BTC #JOLT #PMI #Inversiones $USDC