๐จ BREAKING
S&P Global Manufacturing #PMI will be released at 9:45 AM ET, shortly after the U.S. market opens.
Possible market reactions:
๐ด PMI > 55.0 โ Strong economy. May reduce Fed rate-cut expectations. Potentially bearish for crypto.
๐ก PMI โ 54.4 (in line with expectations) โ Mixed or sideways price action.
๐ข PMI < 53.5 โ Weaker growth. Could increase rate-cut expectations. Potentially bullish for $BTC after the initial volatility.
โ ๏ธ Yesterday's market was already under pressure after stronger-than-expected labor data. Expect increased volatility around today's PMI release.
S&P Global Manufacturing #PMI will be released at 9:45 AM ET, shortly after the U.S. market opens.
Possible market reactions:
๐ด PMI > 55.0 โ Strong economy. May reduce Fed rate-cut expectations. Potentially bearish for crypto.
๐ก PMI โ 54.4 (in line with expectations) โ Mixed or sideways price action.
๐ข PMI < 53.5 โ Weaker growth. Could increase rate-cut expectations. Potentially bullish for $BTC after the initial volatility.
โ ๏ธ Yesterday's market was already under pressure after stronger-than-expected labor data. Expect increased volatility around today's PMI release.