🔥IMPORTANT🔥
🎯This 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 markets⁉️
👉Monday:
🔹ISM Manufacturing PMI at 11:00 ARG.
–Expected 49.3 vs 48.7 previously.
🔹Powell's statements at 14:00 ARG.
–Any phrase suggesting INTEREST RATE CUTS would be taken POSITIVELY by the financial markets.
👉Tuesday:
🔹JOLTS Job Openings (April) at 11:00 ARG.
–Expected 7.1M job openings vs 7.192M previously.
–A BIG drop in this data could worry investors about recession, but could also lead the FED to cut interest rates.
👉Wednesday:
🔹ADP Private Employment at 09:15 ARG.
–Expected 110K new jobs vs 62K previously.
🔹Services PMI at 10:45.
–Expected 52.3 vs the previous 50.8.
🔹ISM Non-Manufacturing PMI at 11:00 ARG.
–Expected 52.0 vs the previous 51.6.
–The PMI is an ECONOMIC data that has a HIGH CORRELATION with #Bitcoin. It is crucial that the data shows GROWTH.
👉Thursday:
🔹Unemployment Claims at 09:30 ARG.
–Expected 232K vs the previous 240K. Fewer claims = strong labor market, which keeps us AWAY from recession.
👉Friday:
🔹Average Hourly Earnings at 09:30 ARG.
–Expected 0.3% vs the previous 0.2%.
🔹Non-Farm Payrolls at 09:30 ARG.
–Expected 130K vs the previous 177K.
🔹Unemployment Rate at 09:30 ARG.
–Expected 4.2%, unchanged from the previous data.
–This labor report is key, and its impact on the markets will depend on how the FED reacts.
–If it comes in BAD, it could scare investors about recession, but it could also push the FED to CUT interest rates.
