๐จ๐๐๐จ๐จ๐๐ฉโ๐ป๐ด Important Alert | In a little while, the most important data of the day starts
At 3:15 PM
The market will see whether hiring in the private sector has actually improved:
ADP data
Forecast: 73K
Previous: 38K
And just 15 minutes later, the most important test comes:
Core PCE data
Forecast: 3.3%
Previous: 3.3%
At the same time, the US GDP will be released.
๐ The equation you need to watch today:
Strong jobs + steady or higher inflation
โ Support for the dollar and yields
โ Pressure on gold and stocks
โ The market may lean toward expecting a higher interest rate for longer
Weaker jobs + calmer inflation
โ Easing expectations of tightening
โ Possible support for gold and risk assets
So today, the market isnโt waiting for just one โheadline.โ
The market wants to know: Is the economy still strong, or is it starting to cool?
Hereโs the answer that could determine the direction of the whole session.
Right and excellent words ๐๐๐ Abu Malikโs post
At 3:15 PM
The market will see whether hiring in the private sector has actually improved:
ADP data
Forecast: 73K
Previous: 38K
And just 15 minutes later, the most important test comes:
Core PCE data
Forecast: 3.3%
Previous: 3.3%
At the same time, the US GDP will be released.
๐ The equation you need to watch today:
Strong jobs + steady or higher inflation
โ Support for the dollar and yields
โ Pressure on gold and stocks
โ The market may lean toward expecting a higher interest rate for longer
Weaker jobs + calmer inflation
โ Easing expectations of tightening
โ Possible support for gold and risk assets
So today, the market isnโt waiting for just one โheadline.โ
The market wants to know: Is the economy still strong, or is it starting to cool?
Hereโs the answer that could determine the direction of the whole session.
Right and excellent words ๐๐๐ Abu Malikโs post
