U.S. economic data to watch: Bibcon volatility

Crypto market participants are looking forward to this week when it is released on Tuesday. The market is already azul, which describes the general conditions of these events Bitcoin (BTC) and Civino markets.

The impact of the US macro data on Bitcoin continues to be evident after the 2023 crash or dry results.

Consumer confidence

This week's Consumer Confidence Survey with Freelance Scripts reveals, among other things, consumer confidence offers.

There is an intermediate forecast of 106.3 after the previous 104.7. Improved consumer confidence means that people are open to spending more money, thus increasing economic activity. This can drive more investments as you like Bitcoinns.

Conversely, a drag on consumer confidence can lead to a reduction in spending and investment. The Fed supports a more controlled approach to the federal government.

This can be a good fit for Bitcoin when investors are looking for alternative stores of value and interpretations to hedge against inflation. Therefore, the main data will be important on Tuesday, where optimists will talk about the general state of the economy.

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Beyond consumer confidence, the Federal Open Market Committee's (Famcc) interest rate decision on Sunday is the first FAMC decision since President Donald Trump.

“The amount that Trump is asking for is considered a cutoff amount, but it is not a sign of a bull. This pressure can cause the markets to explode,” said Roger Smith, a crypto trader.

Policymakers have recently been concerned about inflationary pressures, especially Trump's proposed financial policies. The minutes of the FOMC's last meeting provided little evidence of a rate cut that further eased Hawking's position in the recent past. Reported as Barin's lid, this position is vulnerable to pressure, including immoral property.

On this background, CME Feduatch Prududs cut the rate of 25 points to 5.5% base rate (0.5% BPS). As this will test what the price change indicates, the focus will be on the press conference by the press Uror Imob Powell. With these people, traders and investors are waiting for insights from market-related demand insights.

From today, January 29, 2024, I will take you the pre-interest rate, from 2 o'clock et at – ate Challier press conference from 3:30 pm. He has no position at the moment, but I see a chance for positive luck “he said.

Interestingly, the joint has two duties – Consumer Price Index (CPI), a certain level of inflation, Increases by 2% per year and to maintain full employment in the economy.

GDP

The US GDP (gross domestic data) report is due on Thursday, January 30 and is on the list of US economic data to watch this week. The median prediction is 2.5% after the 2nd reading from the previous reading. This data measures the total cost of goods and services produced in the country.

A positive GDP revision can signal a strong and growing economy. This requires investors to allocate more capital to investors such as Bitcoin and approvals. On the contrary, a downward revision can lead to volatility in domestic production, resulting in a temporary decline in CIBTO prices.

Homework

It is also the first job market report to provide in-depth insight into the health of the US labor market. In particular, the number of Americans who help submit new applications for unemployment benefits. However, it seems that the gradual cooling of the labor market will continue near the exit level. It is a platform that allows the level of openness to support.

The previous data was in 223,000, in the current medium forecast is 225,000. Claims running above the maximum can indicate economic instability and instability. This also leads to managers such as Bricone Alternative Assets resisting traditional markets.

On the other hand, the fines of the settlement claim can interfere with the money that can be avoided by the cryptographers by investing in the traditional markets. Corrupt authorities are also wary of the labor market, which is waiting for long-term risks to cut rates.

Personal income and PCE index

The U.S. Bureau of Economic Analysis (BICA) releases the U.S. income, spending, and PPI index. Weak personal income and spending, coupled with soft inflation figures, can create a period of slowness in economic activity.

To this end, the federal reserve can increase housing stock lending and spending and increase economic growth.

Meanwhile, excluding volatile food and energy prices, the Personal Consumption Expenditure (POCE) index is a key indicator of inflation. The Binary PEC data index can indicate that the data is more protected than expected.

This causes investors to go out in the creation of prices like Bitcoin. On the contrary, the lower core of the PECE index leads to a reduction in the ability to communicate to the investors in order to pull more stable investment options.

From these US economic events, BTC data from the opening of Monday's session was up almost 5% to around $500 in gold.