What volatility risks should be noted this week?
Although Bitcoin has shown a long-awaited increase on the first day of July, it remains to be seen whether the trend has reversed. The following are several key points of observation that may bring volatility to the market this week:
Global Manufacturing and Service PMI
The US S&P and ISM PMI indexes will be released from Monday to Wednesday, and Europe will also release the HCOB PMI index.
US Non-farm Employment
In addition to PMI, the US will release non-farm employment data on Friday night. Economists expect the unemployment rate to remain at 4%, and the average hourly wage is expected to grow by 3.9% from June last year, the smallest annual increase in three years.
Federal Reserve FOMC meeting minutes
On Wednesday evening, the Federal Reserve will release the minutes of the Federal Open Market Committee (FOMC) meeting in June, which will further analyze the attitudes of officials. However, the attitudes of most officials have clearly tended to be conservative in recent months, so it is expected that there will not be much volatility.
