đEconomic Calendar: This Week's Financial Highlights
1. Monday - đ S&P Global Services PMI: This could set the tone for market sentiment. A strong PMI might boost investor confidence, potentially driving crypto prices up due to increased risk appetite.
2. Tuesday - đïž CB Consumer Confidence: High consumer confidence might signal more spending, possibly leading to a bullish crypto market as investors seek higher returns.
3. Wednesday - đ August New Home Sales: If sales are robust, it might indicate economic health, which could spill over into crypto, attracting more investors looking for gains.
4. Thursday - đ Durable Goods Orders & đ Q2 2024 Final GDP Reading: Strong orders and GDP growth could mean more liquidity in the market, potentially inflating crypto bubbles. Watch for reactions!
5. Friday - đ August PCE Inflation Data: This is crucial. Lower inflation might ease fears of rate hikes, potentially leading to a crypto market rally as money flows into riskier assets.
đ What to Watch For:
- Volatility: Expect price swings as these indicators can sway investor sentiment rapidly.
- Liquidity: Positive data might pull money from traditional markets into crypto, especially if inflation seems under control.
đđ°$BTC #CPI_BTC_Watch #PMI #S&P
