🇺🇸 ECONOMIC DATA OF THE WEEK
The main macro data of the week brought a mixed scenario for the market. The ADP came in above expectations, showing some resilience in the private labor market, while the Payroll indicated a stronger than expected slowdown, increasing uncertainties about the pace of the American economy. Meanwhile, the PMI continues to signal a loss of strength in economic activity.
This set of data reinforces an environment of caution and greater volatility in the markets, which tends to reflect in the crypto market, with more technical movements, liquidity sweeps, and traps before any clearer direction.
Caution and patience!
The main macro data of the week brought a mixed scenario for the market. The ADP came in above expectations, showing some resilience in the private labor market, while the Payroll indicated a stronger than expected slowdown, increasing uncertainties about the pace of the American economy. Meanwhile, the PMI continues to signal a loss of strength in economic activity.
This set of data reinforces an environment of caution and greater volatility in the markets, which tends to reflect in the crypto market, with more technical movements, liquidity sweeps, and traps before any clearer direction.
Caution and patience!