At the end of each month, the market tends to fluctuate greatly, and this is also the case today.
Since market liquidity is poor on weekends, and the end of the month is the time node for the release of some macro data,
therefore, you need to pay attention to risks and operate cautiously in the next two days. There is no need to change the spot, and do not touch the contract.
The PCE data will be released at 8:30 tonight.
If the PCE value released exceeds 2.8%, the market may fall.
If it is equal to 2.8%, it is likely to be sideways.
If it is 2.7%, there may be a slight increase.
If it is 2.6%, the increase may be considerable.
I personally feel that PCE may be around 2.7%. Although many positive factors have been analyzed before, we cannot be too confident. After all, there is always uncertainty in the market. It is unlikely to be bad. The United States has invested a lot of political and economic resources for this PCE data, and the data is unlikely to be too bad.
After the PCE data is released tonight, our focus will turn to the economic data in June.
In May, it seemed that interest rates should be cut, but they were not cut, but this month's data and external environment both hinted at the possibility of a rate cut.
If the delay continues, people will start to question when the interest rate cut will come, and whether we really have to wait until economic stagflation or recession before taking action?
So who will take responsibility, and how to reverse this situation?
I wish you to complete your capital accumulation in the currency circle, and you are also welcome to click on my avatar to see Zhuye Rulan. Junyangli publishes market analysis every day and recommends high-quality potential currencies.
