On April 29, the Job Openings and Labor Turnover Survey (JOLTS) report will be published, and the data could provide insight into how the US-led trade war and tariffs are being digested by the labor market. Job openings, hires, and separation rates, seasonally adjusted (JOLTS).Source: BLS.govOn Friday, May 2, the jobs report will publish, and given the recent tariff-induced volatility, it's possible that the data could show a “real big pause in the economy.” The Core PCE (Personal Consumption Expenditures) forecast will be released on April 30, and the data will give a clear view of any significant shifts in US inflation. US Core PCE Price Index (MoM).Source: Investing.comThe United States ISM Manufacturing PMI data is released on May 1.
Markets could react negatively if the report shows further deterioration in the ISM PMI. US ISM Manufacturing PMI.Source: MacroMicro.meRelated: Bitcoin price cools off amid worrying macroeconomic data — Will $95K hold this week? Depending on the market context, traders tend to cut or add to risk during weeks chock-full of macroeconomic data.
With the exception of the April 28 announcement of a $1.42 billion BTC purchase from Strategy, a quiet week on the crypto news front could translate to a reduction in spot demand and lower support tests from Bitcoin price. This week is also event-filled on the macroeconomic data reporting side.
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