Ualifi Araújo
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Bullish
Let's analyze the Economic data presented today...
1. Trump Speech
Yesterday we didn't have this scheduled, but of course, someone thought it was a great idea for Trump to speak just before the data comes out, which is clearly a disaster since he used the time to say he could impose a tariff of +35% on the European Union. I will ignore Trump because honestly, it doesn't make sense to keep kicking him, we already know he is a problem and no matter how much he tries to do the right things at some point, this tariff issue is something that disrupts the markets, period.
2. Services PMI (10:45)
Current: 55.7
Projection: 55.2
Previous: 52.9
The PMI came in better than expected and above 50, indicating an expansion of economic activity in the services sector, which helps Powell with his madness of not cutting interest rates.
3. ISM Non-Manufacturing PMI (11:00)
Current: 50.1
Projection: 51.5
Previous: 50.8
The data came in below expectations and fell compared to the previous month, hovering near the contraction level (50).
This shows weakness in the non-industrial sector, which could be a sign AGAINST Powell, as it suggests a slowdown.
The final thought...
The Services PMI (positive) goes against a rate cut.
The ISM Non-Manufacturing PMI (negative) supports a cut.
Overall, the data is mixed, but the market expected data that would put more pressure on Powell, and aligned with the old tariff issue, it’s a day that #BTC e Altcoins will waste time oscillating up and down.
Although it is still quite early, put down the charts and enjoy the day to DYOR. 🤝🏻🫂
1. Trump Speech
Yesterday we didn't have this scheduled, but of course, someone thought it was a great idea for Trump to speak just before the data comes out, which is clearly a disaster since he used the time to say he could impose a tariff of +35% on the European Union. I will ignore Trump because honestly, it doesn't make sense to keep kicking him, we already know he is a problem and no matter how much he tries to do the right things at some point, this tariff issue is something that disrupts the markets, period.
2. Services PMI (10:45)
Current: 55.7
Projection: 55.2
Previous: 52.9
The PMI came in better than expected and above 50, indicating an expansion of economic activity in the services sector, which helps Powell with his madness of not cutting interest rates.
3. ISM Non-Manufacturing PMI (11:00)
Current: 50.1
Projection: 51.5
Previous: 50.8
The data came in below expectations and fell compared to the previous month, hovering near the contraction level (50).
This shows weakness in the non-industrial sector, which could be a sign AGAINST Powell, as it suggests a slowdown.
The final thought...
The Services PMI (positive) goes against a rate cut.
The ISM Non-Manufacturing PMI (negative) supports a cut.
Overall, the data is mixed, but the market expected data that would put more pressure on Powell, and aligned with the old tariff issue, it’s a day that #BTC e Altcoins will waste time oscillating up and down.
Although it is still quite early, put down the charts and enjoy the day to DYOR. 🤝🏻🫂
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