🚨 What are the markets expecting today? Important
These economic data points expected today at 17:45 Jordan/Saudi Arabia time are considered a major driver for the markets; they provide a clear picture of the health of the U.S. economy ahead of upcoming interest rate decisions.
⚠️ The impact of the "actual" reading on the dollar and high-risk digital assets
🔸. Scenario One: The "actual" reading is greater than the "expected" (positive for the dollar)
If the number comes in higher than 52.9 for services and 51.9 for manufacturing:
For the U.S. dollar (DXY): It will strengthen. This means that the U.S. economy is still hot, reducing the likelihood of the Federal Reserve lowering interest rates anytime soon.
🔸. Scenario Two: The "actual" reading is less than the "expected" (negative for the dollar)
If the number comes in lower than 52.9 for services and 51.9 for manufacturing:
For the U.S. dollar (DXY): It will weaken. Economic slowdown, putting pressure on the Fed to accelerate rate cuts to revive the economy.
🟩 High-risk digital assets: positively affected (upward). A weaker dollar opens the door for the return of liquidity to the markets, and expectations of rate cuts increase the risk appetite among traders.
Sources:
The economic calendar from Investing.com.
S&P Global data (the primary source for the index).
#TradingUpdates ,#اخبار ,#bitcoin
