🔥IMPORTANT🔥
A HUGE ACCUMULATION OF ECONOMIC DATA IS COMING THIS WEEK
🎯Between the INTEREST RATE HIKE in Japan and 5 members of the FED making statements, DELAYED DATA is arriving
What should we pay attention to due to its IMPACT on #Bitcoin and #crypto ⁉️
👉Tuesday
🔹LABOR REPORT (accumulating November and October) at 10:30 ARG
-Non-farm payroll: Previously it was 119K. Expectations are unknown (strange), but Powell stated that they might be -20K from the previous report
-Average hourly earnings: Previously 0.2%. Expectations are also unknown
-Unemployment rate (the most important data): It is expected to HOLD at 4.4%
-A BAD labor market could RAISE the chances of an INTEREST RATE CUT in January
👉Thursday
🔹CPI Inflation (accumulating November and October) at 10:30 ARG
-The previous monthly CPI was 0.3%
-The previous CORE CPI (excludes food and energy) was 0.2%
-Expectations are unknown for both
-A LOWER INFLATION would be POSITIVE for financial markets as it is what the FED needs to continue easing with rate cuts
👉Friday
🔹Bank of Japan's interest rate decision at 00:00 ARG
-An interest rate hike is expected. The consensus states that it might be priced in and what will matter are the clues about FUTURE HIKES
🔹PCE Inflation at 10:30 ARG
-Previously it was 0.2% and expectations are also unknown
📍Given the GREAT LACK OF DATA we have had, analysts do not know what to expect, hence expectations are unknown
📍We might have several SURPRISES that generate GREAT volatility... And that surprise, according to Powell himself, seems to come with a weak labor market.
#USChinaDeal #USJobsData #BTCVSGOLD #FOMCWatch #Binance
