📢 ECONOMIC CALENDAR ALERT – TONIGHT (05/05)
⏰ Hot time frame: 20:45 – 21:30 (Vietnam time)
🎯 Traders on #long #short should note, the market may experience strong fluctuations!
🔸 20:45 – COMPOSITE PMI & SERVICES PMI (S&P Global – April)
Composite PMI: 51.2 vs previous 53.5
Services PMI: 51.4 vs previous 54.4
🔴 Impact: High – Slightly negative
→ Both PMI indices decreased, reflecting a slowdown in growth in the services sector.
🔸 21:00 – EXTREMELY IMPORTANT DATA SET (ISM – April)
Non-Manufacturing Employment Index: 46.2
Non-Manufacturing PMI: 50.6 vs previous 50.8
Non-Manufacturing Price Index: 60.9
🔴 Impact: VERY HIGH – Multi-dimensional effects
→ Weak employment is evident (<50 indicates contraction), raising concerns about an economic slowdown.
→ However, the price index remains high, indicating that inflationary pressures have not eased – the Fed may continue to keep interest rates high.
⚠️ SUMMARY
Tonight features a “two-sided” data set:
The economy is slowing down (bad for growth)
But inflation remains high (bad for hopes of rate cuts)
→ The market may fluctuate strongly in both directions.
🔔 Recommendation
Avoid entering new trades close to the news release time.
Prioritize maintaining tight SLs with USD pairs, gold, crypto.
After 21:30, there may be a stable rebound if there are no unexpected news from the Fed.
