The United States is about to release the weekly initial unemployment claims number for the week ending August 16 and the August Philadelphia Fed Manufacturing Index, both of which are closely related to the Crypto Assets market.



If the initial jobless claims data exceeds expectations, it may indicate challenges in the U.S. labor market and increased economic pressure. In this case, traditional financial markets may experience fluctuations, and some investors may shift their funds to the Crypto Assets market in search of safe havens, which could inject new momentum into the digital asset market.

On the other hand, if the manufacturing index performs strongly, it reflects a good development trend in the US manufacturing sector. This may boost market confidence, increase investors' risk appetite, and potentially drive up the prices of Crypto Assets.

Closely monitoring these economic indicators is crucial for understanding and predicting the trends of the Crypto Assets market. The release of this data may bring new investment opportunities and trend changes to the market.

For Crypto Assets investors, having a comprehensive understanding of the relationship between the macroeconomic situation and the digital asset market can help make more informed investment decisions. As the global economic environment continues to change, keeping an eye on key economic indicators will become an important way to grasp the pulse of the market.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
ExpectationFarmervip
· 11h ago
It's time for the data reporting day again.
View OriginalReply0
GateUser-bd883c58vip
· 11h ago
Rise a bit more, stop with these nonsense.
View OriginalReply0
BankruptWorkervip
· 11h ago
Dare to buy anything but not to make money.
View OriginalReply0
NFTHoardervip
· 12h ago
Continue to observe and hold back for now.
View OriginalReply0
All-InQueenvip
· 12h ago
You can give it a try.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)