#BTCVolatility
� Urgent – The Manufacturing Purchasing Managers Index in the United States comes in negative 🇺🇸📉
📉 Result: The Manufacturing PMI reading came in below expectations
This indicates a slowdown in industrial activity and a decline in production momentum during the month.
📊 Direct impact on the markets:
• Weakness in the dollar with increased concerns about the strength of economic growth
• Support for gold as a safe haven
• Pressure on stocks due to signs of slowdown in the manufacturing sector
• Increased odds of a dovish tone from the Federal Reserve if weak data continues
