See original
Joana Dare
--
Bearish
Guys, some of you are not yet aware, but I will explain to you a forecast for this Friday, January 10th, that will actually change how the market will expand in the first quarter of the year.
US Employment Report (Payroll): This monthly report provides data on job creation in the non-agricultural sectors, as well as information on the unemployment rate and average hourly wages in the United States.
Positive results, indicating a buoyant labor market, may lead the Federal Reserve (Fed) to consider adjustments in monetary policy, such as raising interest rates, to contain inflationary pressures. On the other hand, weak data may suggest a slowing economy, influencing more accommodative monetary policy decisions. 
Broad National Consumer Price Index (IPCA) in Brazil: Although it is a domestic indicator, the December IPCA will be released on the same date and is relevant for Brazilian investors, as it measures the country's official inflation. Higher-than-expected inflation could impact the monetary policy decisions of the Central Bank of Brazil, affecting the local economic environment and, indirectly, the appetite for risk assets, including cryptocurrencies. 
The cryptocurrency market has shown sensitivity to economic indicators and monetary policy decisions, especially in the United States. For example, negative economic data in the US recently led to significant drops in Bitcoin and other cryptocurrencies. 
Therefore, the results of these indicators this Friday could influence the behavior of cryptocurrencies. Positive data in the US could strengthen the dollar and reduce the attractiveness of risk assets, potentially putting pressure on cryptocurrency prices. On the other hand, negative data could increase the demand for alternative assets, such as cryptocurrencies, boosting their prices.#
#BullCyclePrediction #MicroStrategyAcquiresBTC #BinanceAlphaAlert $BTC
US Employment Report (Payroll): This monthly report provides data on job creation in the non-agricultural sectors, as well as information on the unemployment rate and average hourly wages in the United States.
Positive results, indicating a buoyant labor market, may lead the Federal Reserve (Fed) to consider adjustments in monetary policy, such as raising interest rates, to contain inflationary pressures. On the other hand, weak data may suggest a slowing economy, influencing more accommodative monetary policy decisions. 
Broad National Consumer Price Index (IPCA) in Brazil: Although it is a domestic indicator, the December IPCA will be released on the same date and is relevant for Brazilian investors, as it measures the country's official inflation. Higher-than-expected inflation could impact the monetary policy decisions of the Central Bank of Brazil, affecting the local economic environment and, indirectly, the appetite for risk assets, including cryptocurrencies. 
The cryptocurrency market has shown sensitivity to economic indicators and monetary policy decisions, especially in the United States. For example, negative economic data in the US recently led to significant drops in Bitcoin and other cryptocurrencies. 
Therefore, the results of these indicators this Friday could influence the behavior of cryptocurrencies. Positive data in the US could strengthen the dollar and reduce the attractiveness of risk assets, potentially putting pressure on cryptocurrency prices. On the other hand, negative data could increase the demand for alternative assets, such as cryptocurrencies, boosting their prices.#
#BullCyclePrediction #MicroStrategyAcquiresBTC #BinanceAlphaAlert $BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
198
0
Replies 0
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number