🟢 Important American economic data is released... and the markets are moving
🟢 Purchasing managers index data in the industrial sector in the United States revealed a slowdown in economic activity, after the index lagged behind expectations and the previous reading as well.
🟢 The Industrial Purchasing Managers’ Index issued by the Institute for Supply Management (ISM) for May recorded 48.7 points, while expectations were for it to score 49.8 points, and the previous reading was 49.2 points.
🟢 Immediately after the data was released, AD #Bitcoin❗ reacted well, exceeding 70k $BTC ; Gold prices globally increased their gains significantly, while the US dollar index declined against other major currencies. It can be said that the data issued recently were in favor of gold and cryptocurrencies and not in favor of the dollar, after industrial activity slowed according to the industrial purchasing managers index issued by the Institute for Supply Management (ISM).