Next week, the US market will have a lot of important information. The specific schedule is as follows:
Monday: No information available.
Tuesday: JOLTS Job Openings announced.
Wednesday: ADP Non-Farm report.
Thursday: The number of people who applied for unemployment benefits last week.
Friday: Non-Farm Report.
Non-Farm data and unemployment rate in May will be the focus. PCE inflation data decreased slightly compared to forecasts, increasing expectations that the FED will cut interest rates in the fourth quarter.
The price drop after PCE inflation decreased possibly due to investors taking profits at the end of May. It is normal for "sell in May" to result in a red candle. There have been warnings about the risks of trading on the news. Good news does not always mean immediate price increases, safe order management is necessary.
If May Non-Farm data and the unemployment rate increase, hopes of the Fed cutting interest rates in the fourth quarter or September will increase, currently this rate is 52.5% according to CME Group.#btc $BTC $ETH