When data rings, gold comes pouring in! Today's market direction depends on how these economic data blow.
Dear friends, I am your old friend, Dasheng Dandian. I just carefully checked the data and events to be announced today (Wednesday, September 3rd) and found that there are a few places where the time or expression needs adjustment. I am updating a concise and accurate version here, so please focus on these:
Revised Key Time List
15:30 ECB President Lagarde speaks
16:00 Eurozone Services PMI Final
16:30 UK Services PMI Final
21:45 Fed’s Musalem speaks (original time 21:00 was incorrect, should be 21:45)
22:00 US JOLTS Job Openings & Factory Orders Monthly Rate
Next day 02:00 Fed Beige Book Report
Next day 04:30 API Crude Oil Inventory
The core focus tonight is on two: US JOLTS Job Openings and the Fed Beige Book. If JOLTS data unexpectedly declines, it may indicate a cooling job market, which will strengthen market expectations for interest rate cuts, usually benefiting risk assets including cryptocurrencies. The Beige Book is the Fed’s own “baseline report” on the economy of various regions. If the wording is dovish, it may further boost market optimism.
For example: Last month, JOLTS data unexpectedly plummeted, and Bitcoin surged nearly 4% in one hour, with institutions quickly positioning for long positions. Don't underestimate the power of data.
Volatility may increase tonight, so focus on these two time slots: 22:00 to 02:00. It is advised that ordinary investors avoid high-risk operations and watch more while acting less.
Want to accurately capture data trends and avoid being hurt by sudden fluctuations?
Follow Dasheng Dandian, leave a message to join my fan group, and tonight I will interpret the data impact in real-time, helping you understand the macro logic behind the K-line and use cognitive arbitrage, so you don't become a retail investor!