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🚨 MARKET IS RED AFTER US ISM SERVICE NEWS – WHAT TO EXPECT TONIGHT?
Last night (September 4), the US announced the ISM Services PMI index - one of the important data showing the health of the service industry, which accounts for nearly 70% of US GDP.
Result: 52.0, higher than forecast 50.7
👉 This shows that the US economy is still performing well, with no clear signs of weakness.
This news sounds positive… but not so good for the current market. Because if the economy is still strong, the Fed will not rush to cut interest rates → red market.

MarginATM
@MarginATM
Tháng 9 đã bắt đầu, anh em theo phe Sậptember hay Septembump đây 😆
Theo dữ liệu quá khư thì có 8/12 tháng Bitcoin đều có sự điều chỉnh giảm ở Tháng 9. Năm nay liệu có khác?


⏳ TONIGHT (05/09 – 19:30 UTC+7) there are 2 important data of the week
🇺🇸 Non-Farm Payrolls (New Jobs – August)
Forecast: 75K – quite low
🔻 If lower → Fed may start considering easing → Good for the market
🔻 If higher → Fed is more confident in keeping interest rates high → Market may continue to decline
🇺🇸 Unemployment Rate – August
Forecast: 4.2%
🔻 If unemployment increases → signs of economic weakness → Support expectations of Fed rate cut
🔻 If unemployment decreases → Fed may continue to keep the same policy
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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