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Recent Bitcoin volatility: What's the way forward?
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10:00 Interpretation of US economic data.#BTC #U.S. economic data for June

Focus on today's macroeconomic data: U.S. orders and job openings in April
Today at 10:00 will be published two U.S. economic data, the single role of the two data on the market does not
bring too much influence, but in the current market sentiment, may trigger more favorable mood and guessing, boosting market sentiment
But in the current market sentiment, it may trigger more favorable sentiment and speculation, boosting market sentiment.
U.S. April JOLTS job openings (10,000 people), known as the number of job openings and labor mobility survey report, including job openings, broad commission, and the number of people in the labor force.
Including job openings, broad commissions, layoffs, autonomous resignation rate and other important indicators, the previous value of 8.488 million, the expected
The previous figure was 8.488 million, while the forecast was 8.355 million, expecting the job market to cool down.
The data has a single, independent data does not have to stimulate the market, but coincides with the size of this week's nonfarm payrolls and
Friday's unemployment rate, once the data is lower than expected and the previous value, will represent the U.S. labor market is clearly cooling, the unemployment rate increased, and the U.S. labor market is cooling.
The unemployment rate increased, once the data boosted the U.S. unemployment rate will touch 4%, then it will directly stimulate the market for the Fed's active role in the economy.
directly stimulate the market for the Federal Reserve to actively talk about the possibility of interest rate cuts.
In the short term, US stocks will be stimulated to fall, but in the long term, risk markets, including crypto markets, will benefit from the expected rate cut.
will be positive in anticipation of a rate cut.
U.S. factory orders for April, representing the number of items ordered in the next month that are not easily worn out
The data, which reflects manufacturing activity, came in at 0.8% (1.6% before revisions) against expectations of 0.6%.
The previous value was revised down by double the previous value of the actual data fell sharply, the expected value of 0.6%, in the previous value of the data revised down sharply.
data revised sharply downward, @ month dove predicated single data may not be in the presence of a substantial decline
The 0.7% may be a more agreeable value, but it will most likely be in line with or higher than expectations, and lower than or equal to the previous value.
a more appropriate value.
April orders data again lower than the previous value, also represents the decline in U.S. business activity, the economy is weakening
Inflationary pressure is weakening, combined with the direction of the recent macro-sentiment guidance, short-term negative for U.S. stocks, the long-term risk of
The market has a favorable interest rate cut
In fact, the above two data in a single case will not have much stimulus, but the current U.S. macroeconomic
sentiment, declining international energy, domestic energy adjustments, and declining manufacturing, although short-term will lead to commodity
prices, but also have the effect of suppressing inflation, at the same time, if accompanied by a cooling of the service sector data, then the
U.S. inflationary pressures will be greatly reduced
At the same time if this week's job market data cooled again, the unemployment rate has been pushed up or even directly pushed up to
4%, then the Fed as soon as possible to talk about the possibility of a rate cut will be greatly increased, while the rate cut in September this forecast
The period will also be raised from the current 50% to higher, the risk market in the rate cut is expected to be good stimulation again on the
Risk markets are once again on the rise, fueled by favorable expectations for rate cuts.
Of course, the current decline in manufacturing, inflationary pressures increase, whether it will trigger the band up or need more economic data to confirm, if multiple data to confirm.
data to confirm, if multiple data to prove that inflation is being effectively controlled down, then the possibility of banding up
will be reduced.
#BTC#U.S. June economic data
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