Data Week: Important data will be released on Wednesday, Thursday and Friday. June market turning point!
The market progressed to the middle of June, when Bitcoin has been running around 6w for more than two months. In terms of time structure and cycle, it is facing a potential change. The price is $68,400 as of press time. In addition to unlocking this week, there are a lot of data to be released. It is very likely that a new pull-up will be completed under the catalysis of these data.
On Monday, appetizers, the US will release the manufacturing PMI in the evening, which will not only serve as a weather vane for the global manufacturing industry, but also have an impact on subsequent data such as construction.
On Wednesday, the US announced the ADP employment in May and crude oil inventories as of May. It can be said that this year's ADP will both reflect the market and predict non-agricultural. If the employment situation is not ideal, it will still be bearish on the appreciation of the US dollar in the foreign exchange market.
On Thursday, the European Central Bank announced its interest rate decision, and the US announced the number of initial unemployment claims. Since the epidemic in 2020, this indicator has been continuously valued, affecting the US's decision on employment in the short cycle.
Friday, the top priority! China's foreign exchange reserves, trade account, US unemployment rate in May, US non-farm payrolls. It can be said that these data can also be involved in the market trend in June. Non-farm data directly reflects the economic situation and also has a direct understanding of the interest rate cut we are concerned about.
Data week is coming, let us continue to pay attention to these data and hope to continue to welcome the new market.
