Economic & Crypto Calendar June 5 - June 9)

All markets focused on the interest rates by the FED. While the expectation was on the side of 25 bps before last week, the 3.7% unemployment rate made investors believe that there won't be any increase this week.

Economic Calender of the U.S.

This week will be without big news before June 12's FED meeting.

On Monday, we will get PMI index for services. As long as PMI rates are above 50, the risk of recession is perceived lower in the markets.

However, the data always comes later, so, we might be taking firm steps to a global recession each week.

On Thursday, we will get jobless claims. If there are more people stating that they have lost their job, then it might be, unfortunately, seen as positive news as it strengthens the possibility of 0 increase in the interest rates.

Economic Calender of G20

We may see the least interesting week in the markets as there are hardly any data. The FED speakpersons cannot share their expectations before the FED meeting and they are already in a silent mode. Also, on the other sides of the world, there is almost nothing.

The PMI rates in GBP are also around 50 level. As long as data never show below 50, the markets will not panic.

Strong data from China, less volatile markets in Euro Zone can boost all markets with hopium.

Crypto Calendar

There is an ongoing event on OKX:

You may receive lots of SSWP tokens, SuiSwap's native token, by just holding 10 SUI and trading SUI - USDC for once by using OKX Wallet. It is the first time I used and the free airdrop in Cryptopedia event should not be missed!

Also, GPT Guru launchpad will happen on may different launchpad platforms at the same time on Monday.

The website is pretty useful and there is enough attention on the project. The initial Cap is only $365K!

You may join the event on DEXs such as GameFi or DEXs like ByBit.

The project comes with "AI to Learn" and Teach to Earn" concepts to train your own AI to build something on the blockchain. I'll be on it!

Well, there is not much for this week in the macro trend. Mostly, we will be looking for a pump that buys the rumor of the FED before the big day. The week is likely to be stable and boring. We will see 😅

What do you expect from this week? Are you prepared against any pump or dump in our ecosystem?

Hive On ✌🏼

Posted Using LeoFinance Alpha