It's another day when BTC relies on the sentiment of the US stock market. I saw this report from Bloomberg before the US stock market opened.
The title is optimistic, but the content is still full of controversy.
This report also mentioned that due to last week's data, traders and economists had serious analysis.
Traders greatly suppressed the 50 basis point rate cut, which increased the probability of CEM's 50 basis point rate cut in September. Then economists released various necessity of a 25% rate cut, which reduced the probability of a 50 basis point rate cut last Friday.
If both sides continue to gamble, I think it is difficult for a 50 basis point rate cut to bring any positive sentiment to the market.
And it also shows the core of both sides' concerns - economic recession.
Traders believe that a 50 basis point rate cut can save or avoid the possibility of economic recession in advance, while economists believe that a 50 basis point rate cut will trigger the possibility of economic recession.
Currently, the focus of the game between the two sides is on Wednesday's CPI inflation data.
It is expected that Wednesday's data may deviate from the original impact on the market. Due to the different interpretations of traders and economists, it may bring greater fluctuations to the market. Brothers, fasten your seat belts and sit tight.
At present, international gold is holding on to the 2,500 position, the 10-year US Treasury bond fluctuates little, and the US dollar index is 101.5.
Wait for the US stock market to open. Now the data is no longer data, but an opportunity for all parties to gamble.
