The number of initial applications for unemployment benefits in the US is below the forecast. And this is the case when the markets react positively. Because the fear of a recession is stronger than the fear of another pause in the interest rate in September. Moreover, there will most likely be no pause.
The logic that was not thought of this time, just traditionally expecting that if the number of applications is noticeably lower than the forecast, this can dampen the market at the moment. BUT now, in general, any data that speaks of the strength of the US economy will rather be a plus for the risky asset markets. Even those that were previously negative for the stock and crypto markets. We need to get used to this for the next month.
Data on initial applications for benefits - 227 thousand with a forecast of 236 thousand and the previous figures of 234 thousand.
The BTC rate even rose locally, breaking through $ 59,000. But in general, this does not change the layout of important levels. Until the price consolidates above $59,335 and the EMA 200 of the daily TF passing nearby, we cannot talk about full-fledged growth or even the chances of moving into the fifth wave. By the way, the EMA 50 of the four-hour TF is nearby. So we are talking about a resistance pool.
