The post Bitcoin Price Braces for US PMI & Job Data, Here’s What to Expect appeared com. Key Insights: Traders are closely looking forward to Bitcoin price action once the Institute of Supply Management releases U. S. Manufacting PMI data on Jan 5. Even though Bitcoin isn’t tied to the economy like stocks, it often moves like it is. Around big economic reports, it reacts to changes in liquidity, investor risk appetite, and expectations for interest rates. The report can shift how traders see growth and inflation. That also affects expectations for what the Federal Reserve might do next. Traders are closely looking forward to Bitcoin price action once the Institute of Supply Management releases U. S. Manufacturing PMI data on Monday. The market anticipates steady economic growth without rising inflation for the price of Bitcoin to absorb demand. BitcoS. Manufacturing Data The PMI comes from a survey of purchasing managers. These include the people on the factory floor who see orders, inventories, delivery delays, and supplier costs up close. It’s not perfect, but it gives a quick look at what’s happening in the economy. Even with tons of data available today, markets still pay attention to this report. A weak headline can hide rising costs. A strong headline can be good news only if it does not bring a fresh inflation penalty. For Bitcoin price, that penalty matters most. It shapes expectations for what the Federal Reserve might do next and can influence risk sentiment in the market. How Manufacturing Data Shapes Bitcoin Price Action? Bitcoin is not tied to factories or corporate profits. It does not have to move like traditional stock indexes. Even though Bitcoin isn’t tied to the economy like stocks, it often moves like it is. Around big economic reports, or U. S. job data, it reacts to changes in liquidity, investor risk appetite, and expectations for interest rates. The.
Tag: manufacturing
Central Pa. residents tepid on construction of data centers in the region: poll
A third of Pa. residents said in a new poll that artificial intelligence poses a “significant threat” to humanity.
Bakers to attempt record cookie exchange at Wedding Cookie Table Community’s event
If you’re looking to get a glimpse of the World’s Largest Christmas Cookie Exchange and satisfy your sweet tooth this weekend, stop by the Washington County Fairgrounds on Sunday, Nov. 30, from 1 to 3: 30 p. m. The Wedding Cookie Table Community will attempt to set a record for the largest Christmas Cookie Exchange, [.].
I made a list of 20 places around the world where I could see myself retiring. One checked every box.
When people ask if Malaysia is his second home, 70-year-old retiree Ward Chartier says, “No, it’s my only home.”.
U.S. Economic Key Events This Week: Bitcoin Nears $93K Low Ahead of FOMC Meeting
The post U. S. Economic Key Events This Week: Bitcoin Nears $93K Low Ahead of FOMC Meeting appeared first The crypto market fell sharply last week, with Bitcoin losing 7% and marking its third straight weekly decline. Earlier this month, traders were almost certain the Fed would cut.
MTG introduces bill aimed at eliminating H1-B visa program: ‘END the mass replacement of American workers’
Georgia Republican Rep. Marjorie Taylor Greene (MTG) introduced a bill to eliminate the H-1B visa program in an attempt to “END the mass replacement of American workers” — in her own words.
Electronic Materials and Chemicals Market 2030 Comprehensive Outlook
The global electronic materials and chemicals market size was valued at USD 73. 94 billion in 2024 and is projected to reach USD 106. 11 billion by [read full press release.].
China to relax export control measures against U.S. entities in trade de-escalation
The post China to relax export control measures against U. S. entities in trade de-escalation appeared com. China is set to remove and temporarily suspend its trade restrictions on several U. S. firms. Fifteen firms are set to see their restrictions fully removed, while action on another 16 will be paused for one year. The ongoing trade dispute between the U. S. and China is now taking a conciliatory turn, with both countries appearing to be tending toward compromise over conflict in recent rounds. China will relax its export restrictions China’s Ministry of Commerce announced on Tuesday that it will remove the export control measures against 15 U. S. entities and suspend enforcement for another 16 entities for a year, starting November 10. The restrictions limited Chinese companies from exporting certain goods with both civilian and military applications to the affected firms. However, with this easing of restrictions, Chinese exporters can now apply for permission to ship these products again. The ministry described the move as a “constructive step” that will aid the efforts to improve the trade relations between both countries after years of tension over technology, investments, and supply chains. The announcement is a result of several months of negotiations and discussions aimed at preventing the economic ties between the U. S. and China from deteriorating further. Encouragingly, both sides have recently emphasized the need for “healthy competition” rather than confrontation. Suspension of ‘unreliable entity list’ In a separate statement, the ministry said it will also remove or suspend the measures imposed earlier this year against several U. S. companies that were added to China’s “unreliable entity list” in March and April. The measures will be suspended for one year. The companies on the list allegedly endanger China’s national interests, so it restricts their ability to trade or invest in the country. Under the new arrangement, Chinese firms will be allowed to apply to resume transactions with the affected entities.
Salman Khan summoned by Consumer Court for alleged misleading ‘Pan Masala’ ads
Salman Khan is in the eye of a legal storm after a consumer court issued a notice to him in connection with allegedly misleading advertisements for a pan masala brand. A complaint filed by senior BJP leader and Rajasthan High Court advocate Inder Mohan Singh Honey accused the actor and the company behind the product of deceptively promoting the product as “saffron-infused cardamom” and “saffron-infused pan masala.” Honey pointed out that saffron costs about Rs. 4 lakh per kilogram and contended it “cannot be an ingredient in a product priced at Rs. 5.”Honey further remarked, “Salman Khan is a role model for many people. We have filed a complaint against it in the Kota Consumer Court, and notices have been issued for a hearing. Celebrities or film stars in other countries don’t even promote cold drinks, but they are promoting tobacco and pan masala. I urge them not to spread the wrong message to the youth, as pan masala is one of the leading causes of mouth cancer.”Following the filing of the complaint, the Kota Consumer Court has formally issued notices to the actor and the manufacturing company, requesting their responses ahead of the next hearing scheduled for November 27. It’s worth noting that while Salman Khan has appeared in advertisements for the brand’s elaichi (cardamom) product, he has not featured in ads for the pan masala product itself. The firm in question is the manufacturer of both elaichi and pan masala under the brand name. As of now, no reply has been publicly confirmed from Khan’s side or the company regarding the notice. The coming hearing will reveal whether the court deems the promotional claims unfair to consumers and whether the actor’s involvement will have further legal implications. Also Read : Salman Khan to play Chhatrapati Shivaji Maharaj’s right hand Jeeva Mahala in Riteish Deshmukh’s Raja Shivaji.
China’s Global Exports Continue to Grow Despite Trump Tariffs
As Trump has imposed steep tariffs on China, American importers are buying much less. But China has offset the decline from the United States with breathtaking speed.