US ECONOMIC HOT NEWS ON 12/16: INVESTORS SHOULD PAY ATTENTION
Today, at 21:45 (Vietnam time), the US will announce two important indicators:
• Manufacturing PMI (December)
• Services PMI (December)
Why is this news important?
• PMI (Purchasing Managers' Index) measures the level of economic activity through orders, production, and employment.
• The threshold of 50 is a crucial mark:
• Greater than 50: The industry is expanding.
• Less than 50: The industry is contracting.
These indicators not only reflect the health of the US economy but also directly affect capital flows in financial markets, especially crypto, as more and more financial institutions use cryptocurrencies as a safe haven amid economic instability.
What should crypto investors do?
• Closely monitor developments: PMI results can cause significant volatility in Bitcoin and altcoin prices.
• Prepare for price adjustments: If PMI shows signs of economic weakness, risk assets (such as crypto) may be negatively impacted. Conversely, signs of economic expansion may drive investment capital.
Please pay attention and monitor market developments during the above time frame to not miss trading opportunities!