US Economic Indicators This Week
US economic indicators such as the Leading Economic Index (LEI), Services PMI, and Manufacturing PMI pose potential impacts on #Bitcoin’s price, possibly influencing investor sentiment.
A strengthening US dollar, supported by positive services data, could diminish Bitcoin’s appeal, while underperforming manufacturing metrics may weaken overall risk appetite among investors.
Key events this week:
Monday: US Leading Economic Indicators
Tuesday: Various Fed presidents speak
Wednesday: - S&P flash U.S. Services PMI
- S&P flash U.S. manufacturing PMI
- New home sales
- Fed Beige Book
Thursday: - Initial jobless claims
- Durable-goods orders
- Core durable orders
- Existing home sales
Friday: Consumer sentiment
Conclusion
Assessing the week ahead, it is evident that US economic indicators such as LEI, Services, and Manufacturing PMIs will play a crucial role in shaping Bitcoin’s price trajectory. With prevailing market uncertainties, especially linked to consumer sentiment and jobless claims, investors must navigate this landscape carefully.