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Stop shouting that the bull market is coming.
MD, the bull market has been shouted away by you these past two days.
You smash the market as soon as there is a slight upward trend.
The way the dog dealers eat is too ugly.
They just keep an eye on the small investors’ money every day.
MD, the bull market has been shouted away by you these past two days.
You smash the market as soon as there is a slight upward trend.
The way the dog dealers eat is too ugly.
They just keep an eye on the small investors’ money every day.
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Friends, I have a message for you guys.
The cool mat is really out of fashion this time.
It used to be the top of the cryptocurrency circle.
It’s a pity that it’s still too young.
The talented young man is using a sewing machine.
He is just sitting on a bench and being a bystander.
$BTC $ETH
The cool mat is really out of fashion this time.
It used to be the top of the cryptocurrency circle.
It’s a pity that it’s still too young.
The talented young man is using a sewing machine.
He is just sitting on a bench and being a bystander.
$BTC $ETH
See original
The article "Challenges and Prospects of Hong Kong Virtual Asset Platform Licenses" deeply analyzes the complex challenges and broad development prospects currently faced by Hong Kong in the field of virtual asset supervision. Chen Zhihua clearly pointed out that the strict prohibition of virtual currency transactions and services in the Mainland has made the Hong Kong Securities Regulatory Commission's review of virtual asset platform licenses extremely complicated. Especially when it comes to the actual controller or parent company of the platform, it is necessary to ensure that they do not violate the relevant laws of the Mainland. This undoubtedly increases the difficulty of Hong Kong virtual asset platforms in applying for licenses, and almost requires the entity in Hong Kong to be completely separated from its parent company.
In response to this dilemma, Chen Zhihua suggested that the SAR government should take practical and effective measures to deal with the problems caused by multiple supervision. He proposed that the establishment of a unified virtual asset supervision committee is undoubtedly a wise move. This committee will be responsible for coordinating the work of different regulatory agencies to ensure that the regulatory standards in the field of virtual assets are both consistent and effective. Through this move, Hong Kong can not only maintain its leading position in the global virtual asset market, but also further enhance the transparency and professionalism of its regulatory system. Chen Zhihua also proposed four specific directions for suggestions. First, improve the regulatory system to make it more adaptable to the characteristics and development needs of the virtual asset market. Secondly, the SAR government should actively engage in dialogue with relevant departments in the Mainland to seek cooperation and coordination in virtual asset supervision, so as to break geographical restrictions and achieve broader regulatory cooperation.
Third, strengthen cross-departmental collaboration to ensure that all departments can form a joint force in virtual asset supervision to avoid regulatory gaps and duplication of work. Finally, simplify and accelerate the licensing process, provide applicants with a clear approval timetable and transparent expectations, so as to attract more high-quality virtual asset platforms to settle in Hong Kong. In April this year. The Hong Kong Securities and Futures Professionals Association published a letter to the Hong Kong Treasury Bureau on its official website, "Proposal to Establish an Independent Securities Industry, Futures Industry, Asset Management Industry and Virtual Asset Industry Development Self-Regulatory Organization", pointing out that many economically developed regions in the world, including my country, have statutory semi-official industry self-regulatory organizations that focus on industry development and maintaining market ecology.
In response to this dilemma, Chen Zhihua suggested that the SAR government should take practical and effective measures to deal with the problems caused by multiple supervision. He proposed that the establishment of a unified virtual asset supervision committee is undoubtedly a wise move. This committee will be responsible for coordinating the work of different regulatory agencies to ensure that the regulatory standards in the field of virtual assets are both consistent and effective. Through this move, Hong Kong can not only maintain its leading position in the global virtual asset market, but also further enhance the transparency and professionalism of its regulatory system. Chen Zhihua also proposed four specific directions for suggestions. First, improve the regulatory system to make it more adaptable to the characteristics and development needs of the virtual asset market. Secondly, the SAR government should actively engage in dialogue with relevant departments in the Mainland to seek cooperation and coordination in virtual asset supervision, so as to break geographical restrictions and achieve broader regulatory cooperation.
Third, strengthen cross-departmental collaboration to ensure that all departments can form a joint force in virtual asset supervision to avoid regulatory gaps and duplication of work. Finally, simplify and accelerate the licensing process, provide applicants with a clear approval timetable and transparent expectations, so as to attract more high-quality virtual asset platforms to settle in Hong Kong. In April this year. The Hong Kong Securities and Futures Professionals Association published a letter to the Hong Kong Treasury Bureau on its official website, "Proposal to Establish an Independent Securities Industry, Futures Industry, Asset Management Industry and Virtual Asset Industry Development Self-Regulatory Organization", pointing out that many economically developed regions in the world, including my country, have statutory semi-official industry self-regulatory organizations that focus on industry development and maintaining market ecology.
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I just saw a lot of big Vs singing the market down on the square
The people who say the bear market is coming now are definitely the same group of people who said the bull market is coming back quickly
The mainstream is actually okay, but some copycats have been cut in half, such as IO
Try not to touch copycats in the past two months, the market has entered a window period
When trading, you sometimes have to learn to filter out all the voices that can affect your thinking
The big cake will not rebound too much, and the short-term reference is 66000-66500 to continue to short
The market will start to fall in the future, and then it will be accompanied by a sharp pull to wash the market
If you can't do it yourself, hold on to your thighs, this market is for short-term picking
#币安上线ZK $BTC $ETH
The people who say the bear market is coming now are definitely the same group of people who said the bull market is coming back quickly
The mainstream is actually okay, but some copycats have been cut in half, such as IO
Try not to touch copycats in the past two months, the market has entered a window period
When trading, you sometimes have to learn to filter out all the voices that can affect your thinking
The big cake will not rebound too much, and the short-term reference is 66000-66500 to continue to short
The market will start to fall in the future, and then it will be accompanied by a sharp pull to wash the market
If you can't do it yourself, hold on to your thighs, this market is for short-term picking
#币安上线ZK $BTC $ETH
See original
In fact, there was no movement in the Asian session. Ethereum only dropped by several dozen dollars. Bitcoin needs to break 66,000 to link up. You can continue to hold short orders. Don’t arrange long orders for the time being. There is no big volume to insert a pin, so why rush?
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"May is poor, June is desperate, and July is turning around" What stage is the market in now? How to deal with the market? When to buy the bottom? The current market is in a temporary gap-up mood of the Fed's expected interest rate cut speculation. It comes from the remarks made by Fed Chairman Powell in his speech at the last press conference that "interest rate cuts will be considered when the unemployment rate reaches 4%."
The Fed is not positive about interest rate cuts, but crypto market participants are highly concerned about the issue of interest rate cuts because interest rate cuts mean that the economy may be moving in a good direction. However, after the release of last week's data, the market's speculation on interest rate cuts quickly subsided because the data performed steadily and there were no major adjustments or positives.
When to cut interest rates: September is a key node Regarding the question of when to cut interest rates, the current terminal interest rate shows that the data on September 18 shows that the probability of a 25 basis point cut is 48.3%, which is higher than the probability of maintaining interest rates at 525-550 basis points. This makes September the most important turning point. Therefore, I think the possibility of a rate cut in September is the highest.
Interpretation of the June market The market saying "May is poor, June is desperate, and July is a turnaround" points out that for short-term traders, the end of June and the beginning of July is undoubtedly a good time to build a position. Now seize the last quiet time to study hard, understand the project background, technology and team, etc., so as to make wise investment decisions when buying at the bottom. Opportunities are always reserved for those who are prepared. Start paying attention to market dynamics now to get better returns in the future cryptocurrency market.
For long-term investors, don't be anxious because of the market fluctuations. Market changes are often unexpected. Waiting for a big drop may miss better investment opportunities. We should look further and pay attention to the development trend of the entire cryptocurrency market. The interest rate cut is a sure thing, it's just a matter of time. From the perspective of the Bitcoin monthly line, the bull market is still there, and the monthly line is just sideways, laying the foundation for the next wave of increases. Even if there is a callback, $60,000 is the limit, and it may not be reached.
The siphon effect of Bitcoin still exists, and the hot spots of altcoins are also continuing, but with the changes in the cycle and the increase in market leeks, the main force is waiting for the wash and looking for opportunities. What we need to do now is to adjust our mindset: many people doubt the end of the bull market, but the more pessimistic voices there are, the healthier the main force's wash-out is, and a big bull market will inevitably come with just the right opportunity.
The Fed is not positive about interest rate cuts, but crypto market participants are highly concerned about the issue of interest rate cuts because interest rate cuts mean that the economy may be moving in a good direction. However, after the release of last week's data, the market's speculation on interest rate cuts quickly subsided because the data performed steadily and there were no major adjustments or positives.
When to cut interest rates: September is a key node Regarding the question of when to cut interest rates, the current terminal interest rate shows that the data on September 18 shows that the probability of a 25 basis point cut is 48.3%, which is higher than the probability of maintaining interest rates at 525-550 basis points. This makes September the most important turning point. Therefore, I think the possibility of a rate cut in September is the highest.
Interpretation of the June market The market saying "May is poor, June is desperate, and July is a turnaround" points out that for short-term traders, the end of June and the beginning of July is undoubtedly a good time to build a position. Now seize the last quiet time to study hard, understand the project background, technology and team, etc., so as to make wise investment decisions when buying at the bottom. Opportunities are always reserved for those who are prepared. Start paying attention to market dynamics now to get better returns in the future cryptocurrency market.
For long-term investors, don't be anxious because of the market fluctuations. Market changes are often unexpected. Waiting for a big drop may miss better investment opportunities. We should look further and pay attention to the development trend of the entire cryptocurrency market. The interest rate cut is a sure thing, it's just a matter of time. From the perspective of the Bitcoin monthly line, the bull market is still there, and the monthly line is just sideways, laying the foundation for the next wave of increases. Even if there is a callback, $60,000 is the limit, and it may not be reached.
The siphon effect of Bitcoin still exists, and the hot spots of altcoins are also continuing, but with the changes in the cycle and the increase in market leeks, the main force is waiting for the wash and looking for opportunities. What we need to do now is to adjust our mindset: many people doubt the end of the bull market, but the more pessimistic voices there are, the healthier the main force's wash-out is, and a big bull market will inevitably come with just the right opportunity.
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On Wednesday, Bitcoin and Ethereum analysis, CPI and the Fed rate hike are coming
The overall rhythm is very weak at present, and the Asian and European sessions tend to be roundabout. The small rebound correction overnight will continue during the day, but it is not enough to form a trend change, so it is still mainly around the rebound short, no pins, no more. This kind of data market generally fluctuates violently, and will be mixed with the mood of washing the market. It is expected to fall first and then rise. Be prepared to stop profit in batches in the short term to avoid profit retrieval!
Three major events that need to be paid attention to today!
1. CPI data will be released at 8:30 pm
2. At 2:00 am, the Federal Reserve will announce the interest rate decision and economic forecast summary (FOMC meeting)
3. Around 2:30 am, Federal Reserve Chairman Powell will deliver an important speech
This round of decline may be led by Ethereum. From the technical structure, the weekly line turned from a big positive to three negatives. The rise before the ETF announcement released a lot of bullish momentum. In the short term, it will face gap filling. Tonight, it will probably go up and down. The big cake is still in the normal correction range, but Ethereum is still weak. In terms of thinking and operation, it is recommended that you still participate around the high altitude. If you encounter a pin, just take it back. The band layout will be arranged after the news lands in the early morning. Try to wait and see in the white market!
Operation suggestions for Wednesday:
Bitcoin 68000-68500 short sell target 66000 mobile defense 800 points
Ethereum 3550-3580 short sell target 3350 mobile defense 60 points
Tonight is destined to be turbulent, the satellite is ready, get on board! #美联储利率决策即将公布 #币安用户数突破2亿 #非农就业人数高于预期 $BTC $ETH
The overall rhythm is very weak at present, and the Asian and European sessions tend to be roundabout. The small rebound correction overnight will continue during the day, but it is not enough to form a trend change, so it is still mainly around the rebound short, no pins, no more. This kind of data market generally fluctuates violently, and will be mixed with the mood of washing the market. It is expected to fall first and then rise. Be prepared to stop profit in batches in the short term to avoid profit retrieval!
Three major events that need to be paid attention to today!
1. CPI data will be released at 8:30 pm
2. At 2:00 am, the Federal Reserve will announce the interest rate decision and economic forecast summary (FOMC meeting)
3. Around 2:30 am, Federal Reserve Chairman Powell will deliver an important speech
This round of decline may be led by Ethereum. From the technical structure, the weekly line turned from a big positive to three negatives. The rise before the ETF announcement released a lot of bullish momentum. In the short term, it will face gap filling. Tonight, it will probably go up and down. The big cake is still in the normal correction range, but Ethereum is still weak. In terms of thinking and operation, it is recommended that you still participate around the high altitude. If you encounter a pin, just take it back. The band layout will be arranged after the news lands in the early morning. Try to wait and see in the white market!
Operation suggestions for Wednesday:
Bitcoin 68000-68500 short sell target 66000 mobile defense 800 points
Ethereum 3550-3580 short sell target 3350 mobile defense 60 points
Tonight is destined to be turbulent, the satellite is ready, get on board! #美联储利率决策即将公布 #币安用户数突破2亿 #非农就业人数高于预期 $BTC $ETH
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The bears started to fall continuously. The lowest price just hit 66,000 in the evening. Unfortunately, we were swept away in the short-term long position. I believe there are still many friends who are holding on. The strength of this wave of callback has exceeded expectations. I sincerely suggest not to hold on. CPI and interest rate hike data will be released later. The dog dealer will definitely take this opportunity to make trouble and clean up the market. Today's decline has released a negative signal in advance. I will find an opportunity to buy the bottom and take the long-term profit later. I can only say that the current intra-market structure has not stopped falling. Maybe it will go to 62,000-60,000 in the next two days. Not to mention that Ethereum will definitely not be able to hold 3,400. Try to rebound and short in the short term. If you can't sleep, come and chat. #美联储利率决策即将公布 $BTC $ETH
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Today's decline in the morning session came earlier than expected. The intraday retracement reached the support of 67,000 and 3,500 respectively. At present, it has stopped falling and rebounded and there are signs of stabilization. Bread and Ethereum can go long and look for rebound after a slight retracement. The target is around 68,500/3,600. If the pressure is not broken, continue to rebound and go short. If you can't do it well, you can communicate in the comment area. #美联储利率决策即将公布 $BTC $ETH
See original
Overnight, it rose again and fell back.
The overall pattern is still weak.
The 70,000 mark will be the critical point.
Intraday short-term, buy more above 68,500 first.
If it cannot stand at 69,500, go short boldly.
Ethereum can be synchronized with the idea.
Oscillating downward trend.
Don't chase the rise and sell the fall.
#美联储利率决策即将公布 $BTC $ETH
The overall pattern is still weak.
The 70,000 mark will be the critical point.
Intraday short-term, buy more above 68,500 first.
If it cannot stand at 69,500, go short boldly.
Ethereum can be synchronized with the idea.
Oscillating downward trend.
Don't chase the rise and sell the fall.
#美联储利率决策即将公布 $BTC $ETH
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Hong Kong's SFC has moved quickly to respond to the changing landscape of digital assets, unveiling a new regulatory framework for virtual asset trading platforms (VATPs). With an emphasis on investor protection and market integrity, the new regulations, which came into effect on June 1, represent a major turning point in the way the region views cryptocurrency trading.
Under the new guidelines, VATPs operating in Hong Kong or targeting Hong Kong investors must be licensed by the SFC or deemed to be licensed VATP applicants. Regulatory criteria cover a range of factors, from management expertise and industry qualifications to strict anti-money laundering (AML) measures and token admission standards. Notably, VATPs must also ensure adequate insurance or compensation arrangements to mitigate custody risks.
As of the June 1 deadline, only two companies, OSL Digital Securities Ltd. (OSL Exchange) and Hash Blockchain Ltd. (HashKey Exchange), had received licenses, indicating a rigorous review process. However, the SFC has identified 17 applicants for review and cautioned investors not to deal with unlicensed or provisionally licensed platforms that may not meet regulatory standards. The list of applicants includes entities as diverse as Hong Kong BGE Ltd., Victory Fintech Company Ltd., and Panthertrade (Hong Kong) Ltd., among others.
While these entities await official approval, they must adhere to strict compliance protocols and may be shut down if found to be in violation of regulatory requirements. In response to the regulatory changes, several cryptocurrency exchanges, including OKX and Gate.hk, have announced the cessation of operations in Hong Kong. This highlights the far-reaching impact of the new framework on the industry landscape, prompting market participants to recalibrate their strategies and operations. Looking ahead, the implementation of these regulations will reshape Hong Kong's crypto trading ecosystem, improving transparency, accountability, and investor confidence.
By establishing clear standards and enforcement mechanisms, the SFC aims to foster a resilient and sustainable digital asset market that prioritizes the interests of all stakeholders. Stakeholders will closely monitor industry developments, manage the regulatory environment, and take advantage of opportunities for innovation and expansion in the fast-paced world of Bitcoin trading. For more information, follow me!
Under the new guidelines, VATPs operating in Hong Kong or targeting Hong Kong investors must be licensed by the SFC or deemed to be licensed VATP applicants. Regulatory criteria cover a range of factors, from management expertise and industry qualifications to strict anti-money laundering (AML) measures and token admission standards. Notably, VATPs must also ensure adequate insurance or compensation arrangements to mitigate custody risks.
As of the June 1 deadline, only two companies, OSL Digital Securities Ltd. (OSL Exchange) and Hash Blockchain Ltd. (HashKey Exchange), had received licenses, indicating a rigorous review process. However, the SFC has identified 17 applicants for review and cautioned investors not to deal with unlicensed or provisionally licensed platforms that may not meet regulatory standards. The list of applicants includes entities as diverse as Hong Kong BGE Ltd., Victory Fintech Company Ltd., and Panthertrade (Hong Kong) Ltd., among others.
While these entities await official approval, they must adhere to strict compliance protocols and may be shut down if found to be in violation of regulatory requirements. In response to the regulatory changes, several cryptocurrency exchanges, including OKX and Gate.hk, have announced the cessation of operations in Hong Kong. This highlights the far-reaching impact of the new framework on the industry landscape, prompting market participants to recalibrate their strategies and operations. Looking ahead, the implementation of these regulations will reshape Hong Kong's crypto trading ecosystem, improving transparency, accountability, and investor confidence.
By establishing clear standards and enforcement mechanisms, the SFC aims to foster a resilient and sustainable digital asset market that prioritizes the interests of all stakeholders. Stakeholders will closely monitor industry developments, manage the regulatory environment, and take advantage of opportunities for innovation and expansion in the fast-paced world of Bitcoin trading. For more information, follow me!
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The gains from going long in the past few days have been good.
At present, the overall rhythm is still upward.
The 71,000 pressure point was broken again in the early trading.
As usual, don't be afraid of heights.
But it doesn't mean you can go long without thinking.
There may be signs of a high rise and fall in the Asian session.
So today's idea is to go short first and then go long.
Short-term 71,000-71,300 is directly short.
If it doesn't break the 70,500 mark, go long.
#5月非农数据即将公布 $BTC $ETH
At present, the overall rhythm is still upward.
The 71,000 pressure point was broken again in the early trading.
As usual, don't be afraid of heights.
But it doesn't mean you can go long without thinking.
There may be signs of a high rise and fall in the Asian session.
So today's idea is to go short first and then go long.
Short-term 71,000-71,300 is directly short.
If it doesn't break the 70,500 mark, go long.
#5月非农数据即将公布 $BTC $ETH
See original
I have to say that today’s market conditions are quite perfect.
In the afternoon, I remind everyone to go long in Bitcoin 68600-69000.
Ethereum 3720-3750 will have good gains if you do long
Surely no one will be caught in this market, right?
As long as it stabilizes at 69500 tonight, it will continue to rise tomorrow.
In the short term, just find the right opportunity to go to high altitude at night.
Making profits every day is the way to go
If you can't play well, don't be stubborn.
Lai Xun, who got on the bus, still had a seat
$BTC $ETH
In the afternoon, I remind everyone to go long in Bitcoin 68600-69000.
Ethereum 3720-3750 will have good gains if you do long
Surely no one will be caught in this market, right?
As long as it stabilizes at 69500 tonight, it will continue to rise tomorrow.
In the short term, just find the right opportunity to go to high altitude at night.
Making profits every day is the way to go
If you can't play well, don't be stubborn.
Lai Xun, who got on the bus, still had a seat
$BTC $ETH
See original
48 billion yen worth of Bitcoin disappears from Japanese exchanges
Japanese cryptocurrency exchange operator DMM Bitcoin announced on Friday (May 31) that digital assets worth at least 48.2 billion yen (about $300 million) mysteriously disappeared. The Tokyo-based company, a subsidiary of large IT company DMM.com LLC, reported that it had discovered anomalies at around 1:26 p.m. that day. In response, DMM Bitcoin suspended operations, including withdrawals of virtual currencies and processing new account applications.
The incident is the second-largest cryptocurrency loss in Japanese history, second only to the Coincheck theft in 2018, when 58 billion yen was stolen. The loss prompted an investigation by the Tokyo police, who received a report from DMM Bitcoin after discovering the missing assets. DMM trades in about 40 different cryptocurrencies. According to the company's fiscal year report (ending March 2023), the company has about 377,000 accounts. The sudden disappearance of such a large amount of digital assets has raised serious concerns about the exchange's existing security measures and protocols.
Following this incident, the exchange promised its users that it would take all necessary steps to investigate the cause of the disappearance and improve its security systems to prevent such incidents from happening again. This incident serves as a reminder of the risks associated with trading Bitcoin and the importance of strong security measures to protect digital assets. The wider cryptocurrency community is closely watching this investigation, which highlights the ongoing problems exchanges face in protecting user assets and maintaining trust in the rapidly evolving digital asset markets. As the crisis develops, DMM Bitcoin's response and the findings of the Tokyo police investigation will be key in determining future moves for the exchange and its consumers. $BTC $ETH
Japanese cryptocurrency exchange operator DMM Bitcoin announced on Friday (May 31) that digital assets worth at least 48.2 billion yen (about $300 million) mysteriously disappeared. The Tokyo-based company, a subsidiary of large IT company DMM.com LLC, reported that it had discovered anomalies at around 1:26 p.m. that day. In response, DMM Bitcoin suspended operations, including withdrawals of virtual currencies and processing new account applications.
The incident is the second-largest cryptocurrency loss in Japanese history, second only to the Coincheck theft in 2018, when 58 billion yen was stolen. The loss prompted an investigation by the Tokyo police, who received a report from DMM Bitcoin after discovering the missing assets. DMM trades in about 40 different cryptocurrencies. According to the company's fiscal year report (ending March 2023), the company has about 377,000 accounts. The sudden disappearance of such a large amount of digital assets has raised serious concerns about the exchange's existing security measures and protocols.
Following this incident, the exchange promised its users that it would take all necessary steps to investigate the cause of the disappearance and improve its security systems to prevent such incidents from happening again. This incident serves as a reminder of the risks associated with trading Bitcoin and the importance of strong security measures to protect digital assets. The wider cryptocurrency community is closely watching this investigation, which highlights the ongoing problems exchanges face in protecting user assets and maintaining trust in the rapidly evolving digital asset markets. As the crisis develops, DMM Bitcoin's response and the findings of the Tokyo police investigation will be key in determining future moves for the exchange and its consumers. $BTC $ETH
See original
That's about it for today's day.
Bitcoin fluctuates in the range of 68500-70000.
Don't chase short-term high-sell low-buy.
Go long directly at 68600-69000.
The target is 70000 first.
If it can't break 70300, go short.
Ether is a bit weak relative to others.
It takes time to convert space.
3720-3750 can be long and the target is 3825.
If it doesn't break 3850, go short.
#5月非农数据即将公布 $BTC $ETH
Bitcoin fluctuates in the range of 68500-70000.
Don't chase short-term high-sell low-buy.
Go long directly at 68600-69000.
The target is 70000 first.
If it can't break 70300, go short.
Ether is a bit weak relative to others.
It takes time to convert space.
3720-3750 can be long and the target is 3825.
If it doesn't break 3850, go short.
#5月非农数据即将公布 $BTC $ETH
See original
This wave of rebound has not reached its peak. I don’t understand why you insist on shorting. Now the bulls have to thank you for the fuel. The 70,000 mark has been reached as expected. I hope there will be no difficult transactions in the world. There is still one last chance to get on board tonight. Quickly team up and fight the dog dealer
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Focus of the week: The two major central banks kick off the interest rate cut, and the US non-farm payrolls are the last to appear
On Tuesday, pay attention to Germany's May employment report. Previously, the unemployment rate has remained at a high level of 5.9% for five consecutive months, increasing concerns about the German economy, and will also affect the judgment of the interest rate path after the ECB cuts interest rates this week. The United States also released employment data in the evening. Whether the JOLTs job vacancies in April will slow down for two consecutive months, the data will also have some reference for Friday's non-farm payrolls outlook.
Australia's first quarter GDP annual rate in the Asian market on Wednesday, the strength of the data will affect the market's judgment on when the Reserve Bank of Australia will start to act. Last week, Australia's April inflation was unexpectedly stronger than expected, indicating that the Reserve Bank of Australia needs to maintain high interest rates for a longer period of time, suppressing the possibility of a rate cut this year.
In the evening, the United States announced the number of ADP employment in May, which is expected to slow down for two consecutive months and further drop to 180,000. If it meets expectations, it will be the lowest in three months, corresponding to the slowdown of more other employment data in recent times, suggesting that Friday's non-farm payrolls will continue to cool down.
That night, the Bank of Canada announced its interest rate decision. Most of the market expected that it might usher in the beginning of a rate cut cycle, lowering the interest rate from a high of 5.00% to 4.75%, marking the beginning of the easing policy of the central banks of major economies. However, with most of the market already digesting it, the key to determining the trend of the Canadian dollar lies in whether it takes a dovish stance on rate cuts.
Thursday is the prelude to the ECB's rate cuts. It is basically certain that it will cut the benchmark deposit rate by 0.25 percentage points from the historical high of 4%, corresponding to the eurozone inflation rate close to the ECB's target level of 2%, and central bank officials have already laid a lot of groundwork for the start of rate cuts. Pay attention to our ECB resolution outlook on Thursday to explore the impact of rate cuts on the euro and European stock markets.
On Friday, the US May non-farm report will be released. This is the last guidance of the Fed's June resolution, so the data will undoubtedly affect the Fed's discussion on the prospects of rate cuts at that time. It is expected that employment will continue to slow down. Although it may not affect the Fed's interest rate cuts in September, it will affect the Fed's external wording. As always, pay attention to our non-farm payrolls outlook and analysis on Friday, plan your strategy and win the battle from afar, follow us sincerely
$BTC $ETH
On Tuesday, pay attention to Germany's May employment report. Previously, the unemployment rate has remained at a high level of 5.9% for five consecutive months, increasing concerns about the German economy, and will also affect the judgment of the interest rate path after the ECB cuts interest rates this week. The United States also released employment data in the evening. Whether the JOLTs job vacancies in April will slow down for two consecutive months, the data will also have some reference for Friday's non-farm payrolls outlook.
Australia's first quarter GDP annual rate in the Asian market on Wednesday, the strength of the data will affect the market's judgment on when the Reserve Bank of Australia will start to act. Last week, Australia's April inflation was unexpectedly stronger than expected, indicating that the Reserve Bank of Australia needs to maintain high interest rates for a longer period of time, suppressing the possibility of a rate cut this year.
In the evening, the United States announced the number of ADP employment in May, which is expected to slow down for two consecutive months and further drop to 180,000. If it meets expectations, it will be the lowest in three months, corresponding to the slowdown of more other employment data in recent times, suggesting that Friday's non-farm payrolls will continue to cool down.
That night, the Bank of Canada announced its interest rate decision. Most of the market expected that it might usher in the beginning of a rate cut cycle, lowering the interest rate from a high of 5.00% to 4.75%, marking the beginning of the easing policy of the central banks of major economies. However, with most of the market already digesting it, the key to determining the trend of the Canadian dollar lies in whether it takes a dovish stance on rate cuts.
Thursday is the prelude to the ECB's rate cuts. It is basically certain that it will cut the benchmark deposit rate by 0.25 percentage points from the historical high of 4%, corresponding to the eurozone inflation rate close to the ECB's target level of 2%, and central bank officials have already laid a lot of groundwork for the start of rate cuts. Pay attention to our ECB resolution outlook on Thursday to explore the impact of rate cuts on the euro and European stock markets.
On Friday, the US May non-farm report will be released. This is the last guidance of the Fed's June resolution, so the data will undoubtedly affect the Fed's discussion on the prospects of rate cuts at that time. It is expected that employment will continue to slow down. Although it may not affect the Fed's interest rate cuts in September, it will affect the Fed's external wording. As always, pay attention to our non-farm payrolls outlook and analysis on Friday, plan your strategy and win the battle from afar, follow us sincerely
$BTC $ETH
