The consumer confidence report on Tuesday is expected to show a median forecast of 87.4, significantly influencing traders’ risk appetite. Additionally, the JOLTS report, expected to reflect 7.4 million job openings, will impact market behavior.
On Wednesday, the ADP employment report will give insights into job growth, critical for gauging the labor market’s strength. Also, the advance estimate for Q1 GDP is highly anticipated to reveal economic growth with significant implications for Bitcoin.
The Core PCE inflation index will be released mid-week, with expectations of a modest decrease to 2.2%. This could affect Fed monetary policy and, consequently, trader sentiment regarding Bitcoin.
Leave a Reply