Important news next week 🇺🇸:
T2: News Drum
T3: JOLTS Job Openings 🇺🇸
T4: ADP Non-Farm 🇺🇸
T5: Number of people applying for unemployment benefits last week 🇺🇸
T6: Non-Farm 🇺🇸
Next week Non-Farm data and unemployment rate for May will be published. With PCE inflation data published last week slightly lower than forecast, investors' hope and confidence in the possibility that the FED will cut interest rates in Q4 will be strengthened.
However, some people wonder why when PCE decreases, prices also decrease. In fact, prices have increased after the PCE data was announced, decreasing compared to predictions, but that is only in the short term, the price increases. The decrease may be due to investors taking profits on the weekend and also the last day of May when there is a "sell in may" so a red candle on this day is normal.
Previously, Hac also warned everyone not to trade based on the news because it is very risky. There will be times when the news is good but the price still decreases and then increases. Will people be able to process the order? That's the problem, so it's best not to trade based on news with available orders, then install stl to be safe. Betting on news is no different than choosing over or under if you don't have experience.
After the CPI and PCE data both recorded a decrease in April, if the data related to the labor market is Non-Farm recorded a new decrease and the unemployment rate increased to above 4% in May $BTC # $ETH