๐ US DATA WRAP: Softer services, steady hiring, narrower trade gap
๐ ADP jobs: 86K in October, above the 67K consensus, with September revised down to 86K from 90K
๐ Trade deficit: $105.0B in September, narrower than the $107.9B expected and slightly below August's $105.7B, as exports hit a record $321.5B
๐ ISM Services PMI: 54.5 in October, just below the 54.8 consensus and September's 54.9, still in expansion for a 28th straight month
๐ BTC reaction: Bitcoin pushed toward $80,200, up about 3.7% on the day, after rebounding from an overnight low near $75,700
๐ Takeaway: services cooled slightly while hiring held up, a mix that keeps the Fed path data dependent ahead of Friday's jobs report
#BinanceSquare #USData #Bitcoin #Macro #Crypto
๐ ADP jobs: 86K in October, above the 67K consensus, with September revised down to 86K from 90K
๐ Trade deficit: $105.0B in September, narrower than the $107.9B expected and slightly below August's $105.7B, as exports hit a record $321.5B
๐ ISM Services PMI: 54.5 in October, just below the 54.8 consensus and September's 54.9, still in expansion for a 28th straight month
๐ BTC reaction: Bitcoin pushed toward $80,200, up about 3.7% on the day, after rebounding from an overnight low near $75,700
๐ Takeaway: services cooled slightly while hiring held up, a mix that keeps the Fed path data dependent ahead of Friday's jobs report
#BinanceSquare #USData #Bitcoin #Macro #Crypto