Friends, good morning!
Recently, three economic data from the United States were released:
the GDP data, the core PCE price index and the initial jobless claims
The GDP data exceeded the market's forecast, reaching 3.1%. The core PCE price index was 2.2%, also higher than the forecast and the previous value of 2.1%. The initial jobless claims were 220K, below the forecast and the previous figure of 230K and 242K, respectively.
These three data indicate that the US economy is improving, while the level of inflation is also increasing
[12/19, 9:04 AM] +52 81 2392 4772: Therefore, the expectation that the Federal Reserve may slow down the interest rate cuts is reinforced. Before the opening, the market is showing some calm, with S&P 500 futures rebounding by 0.7%.
However, the overall market behavior today is expected to be a high open and a low close, still reflecting the negative effects of the published data
In the case of the Mexican stock market, a high open and a low close are also expected, as it continues in a downward channel and could reach new lows.
Today, the price of Bitcoin rose by 2%, reaching $102,200. In addition, thanks to the positive push from artificial intelligence, the price of AIFCD that we bought yesterday rose considerably, currently reaching $173,
showing a very strong upward trend and fully confirming our analysis