After entering July, the U.S. stock rebounded with the encryption market, which linked this change to weaker than expected U.S. employment data. The slowdown in employment has led investors to reassess the future interest rate path of the Fed and has also given more attention to a number of data to be published this week.
See service and employment data at the beginning of the week
This Monday, the June Standard Global Service Procurement Manager Index (PMI) will be published and the data will reflect private service operations in the United States. On Tuesday, the ADP employment change data will be released and will continue to provide clues as to whether the labour market cools.
The employment data for June, previously published, were lower than market expectations, and led to the growth of stock markets and encrypted assets. The market concern is that if subsequent data continue to show a slowdown, the Fed ' s pressure to maintain high interest rates may decline further.
FOMC Summary or magnifying fluctuations
The minutes of the meeting of the Federal Open Market Commission (FOMC), published on Wednesday, are considered to be one of the most significant macro events this week. The content of the minutes will help the market judge the views within the Fed on the prospects for inflation, growth and interest rates.
The risk asset sentiment may continue to improve if the record releases a more visible signal of easing; if the language is carefully worded, the market's interest-rate bets may fall, and the US share and encryption market may become more volatile.
Thursday data continues to test the economy.
It will also be published on Thursday about the number of people in the U.S. who have received unemployment benefits, as well as data on the sale of June. The two indicators correspond to employment and real estate performance, respectively, and provide the market with more basis for judging the resilience of the United States economy.
According to Watcher.Guru, after a recent rebound, the market is still at a highly sensitive stage to economic data. In particular, the encrypted market, although repaired after the previous period of pressure, may still experience a new fall in prices if the data are raised again this week.