As we approach the release of crucial economic data today, the markets are bracing for potential shifts. Scheduled for release at 14:30 (UTC+2), we have the Personal Income, Personal Spending, and Core PCE Price Index figures for May.

Here's a quick overview of the expectations:

Personal Income MoM

Forecasted at 0.3%, the same as the previous month.

Personal Spending MoM

Expected to show a 0.3% increase, down from 0.8% previously.

Core PCE Price Index MoM

Anticipated to hold steady at 0.3%.

In addition to these data points, it’s essential to keep an eye on key financial instruments:

DXY:

reflecting the value of the US dollar against a basket of major currencies, will be pivotal in assessing market sentiment towards the dollar.

US10YR:

Serving as a benchmark for long-term interest rates, movements in the US10YR will indicate investor confidence and expectations for future economic conditions.

As we edge closer to the data release, the interplay between these indicators will set the tone for market activity. Stay vigilant and be prepared for potential market shifts.#Megadrop #altcoins #btc70k #ETHETFsApproved #BlackRock $RVN $ZEC $XRP