#PAYROLL | ALERT: The US created only 73,000 non-farm jobs in July, well below the projection of 106,000. Although the number is better than the previous one, the data reinforces signs of a slowdown in the labor market.
The reading is clear: with the economy losing steam, pressure is growing on the Fed to cut interest rates.
Impact: Volatility in the markets, dollar under pressure, and risk assets such as stocks and crypto gaining traction.
Donkeys and incoherent, since some think that China has already surpassed or will surpass the USA, what are they doing here? exchange your BTC for Chinese currency 😂😂😂😂😂
betoshowcrypto
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Half of the US GDP, I think the one sitting in the grease is you 😂😂😂😂
So many traders are impatient. They think every day must be traded. Every week must be profitable. Failing to realize, less is more.
You will make 80% of your profits from 20% of the days during the month. The market is not always amazing. Your job is to wait for the right time and when that comes then you make the chunk of money!
Remember - trading is more Waiting than Executing!
#HALVİNG In April 2024 we had the halving event, we saw the assets rise rapidly and after the halving we consolidated, corrected, rose and bled.....Today BTC is at 118k, if you are thinking of selling that, fine, that's not my problem....but don't come criticizing the asset and the market that has delivered the most profit opportunities, don't give up, invest with your own money not with others', hold it as long as you can, trade less and accumulate more, don't waste your time with nonsense, and if you make a mistake, learn from it and make mistakes on your own!🚀🚀🚀
IN MY OPINION... The Economic data came out good, let's take a look at them...
1. Core PCE Price Index (Monthly - Jun)
Current: 0.3% Projection: 0.3% Previous: 0.2%
It came in line with expectations. Although it rose slightly compared to the previous month, it was not significant enough to be considered bad (as most are saying).
2. Core PCE Price Index (Annual - Jun)
Current: 2.8% Projection: 2.7% Previous: 2.8%
This came slightly above the projection, but did not increase compared to the previous data. This shows stability in inflation, which is a positive point, especially after Powell's speech yesterday. Just the fact that there is no acceleration is already a good sign for Powell.
Here is where most of the confusion I saw about the data lies, let's go...
It came above the previous one, which many say is BAD, but anyway, we weren't expecting it to come in lower, it's no coincidence that the projection was 222K. So, in my opinion, once people better understand the data we had, the market should improve.
By the end of the afternoon, we will still have the Fed's Balance Sheet, so it is still wise to keep an eye on this last data, but I think the worst has already passed.
The scenario that is being constructed here is enough for an interest rate cut in SEPTEMBER, Powell said he hasn't decided, but we are seeing that around him people have started to let go of him, let's see how long he can hold on. Especially if the next inflation data also comes under control.