Important macroeconomic data from the US next week can lead to fluctuations on crypto money markets. Investors will closely follow whether economic indicators are in line with market expectations. Here are the critical data and expectations to be announced…
In the new week, pay attention to those developments for crypto currencies
Macroeconomic data from the US next week may directly affect crypto assets as well as financial markets. Investors think that these data will provide clues to the course of the US economy and shape the Fed’s expectations for interest policies. In particular, indicators of employment, inflation and production may increase volatility in crypto markets. Here are the critical data to be announced in the coming days and market expectations:
- April 1 – ISM Manufacturing PMI: The US is expected to decline from 50.3 to 49.5 of the previous month. The fact that the index remains below 50 can signal in the sector and put pressure on risky assets.
- April 1 – Jolts Open Business Positions: Jolts Open job positions for February were expected to be released as 763.2 thousand, while the previous data was 774 thousand. The relaxation in the labor market can give clues to the Fed’s interest policies.
- APRIL 2 – ADP Private Sector Employment Change: ADP private sector employment data for March is expected to increase by 10.5 thousand. The fact that the previous month is 7.7 thousand described in the data described as 7.7 thousand may indicate that the labor market remains strong.
- 2 April -Crude Oil Stocks: The tracking of a different course from the last released -334.1 thousand barrel level of March crude oil stocks, which will be announced by the US Energy Information Administration (EIA), may cause fluctuations in the energy markets.
- April 3 – Weekly Unemployment Salary Applications: Unemploymental salary applications for the week ending on March 29 were expected to be 22.5 thousand, while the previous data was 22.4 thousand. The data is expected to offer new clues about the labor market.
- 4 April – Unemployment Rate and Non -Agricultural Employment: The unemployment rate for March is expected to remain constant at 4.1 %, while non -agricultural employment data is expected to be announced as 14 thousand. In the previous data, this figure was recorded as 15.1 thousand.
- April 4 – FED President Powell’s speech: FED President Jerome Powell’s speech can lead to significant fluctuations in the markets. Messages about interest policy and economic appearance may play a critical role in the determination of investors.
These developments are of great importance in terms of evaluating the general health of the US economy. Crypto currency markets, especially because they are directly related to the Fed’s interest policies, and Powell’s messages can create mobility in Bitcoin and Altcoins.
