This week, global markets are paying close attention to a series of economic events and data that could shape expectations for the coming weeks. From US employment indicators to technical movements in assets such as Bitcoin, investors should be carefully monitoring information that will impact the markets in the future
The US ADP NonFarm Employment will be released today and is considered an important barometer of the US labour market. The market expects the creation of 136,000 new jobs in the private sector. If the number exceeds expectations, it could strengthen the US dollar since the labour market is a crucial factor in the formulation of monetary policy by the Federal Reserve. This indicator is often seen as a preview of the NonFarm Payroll (NFP) that will be released on Friday, generating even more attention from investors.
The FOMC Meeting Minutes are the most anticipated highlight of the day. This document provides insights into the thinking of Federal Reserve members regarding monetary policy and can indicate the future direction of interest rates. With uncertainty surrounding the Fed's next steps, investors will be on the lookout for any mention of rate adjustments or changes in economic stance.
USDJPY is trading sideways on the daily chart but close to its all-time high. Despite the congested movement, the uptrend on the daily chart remains intact. A breakout above this resistance could make the price re-target the 162.00 region in the coming days, suggesting continued buying momentum in the pair.
American Airlines (AAL) shares have surged nearly 100% since August 2024, breaking a downtrend line on the daily chart and ending a long downtrend that began in 2022. However, the price is now showing signs of a potential reversal, with a double-top pattern forming on the daily chart. Could this technical pattern indicate a more prolonged pullback in the coming days?
Bitcoin attempted to resume its uptrend, but found resistance just above the $100,000 mark. Yesterday, the asset closed down almost 5%, forming a bearish engulfing pattern on the daily chart, which could signal a more significant correction. The $91,000 region, which has served as support in the past, could be a critical point if the price falls further. Will this level be able to hold the price again?
The next few days promise volatility, with crucial economic data and important technical movements on investors' radar. Keeping an eye on the developments of these events will be essential to navigating the markets safely, especially the NonFarm Payrolls on Friday.
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