{"id":6214,"date":"2025-01-06T07:31:53","date_gmt":"2025-01-06T07:31:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6214"},"modified":"2025-01-06T07:31:53","modified_gmt":"2025-01-06T07:31:53","slug":"3-things-that-could-impact-crypto-markets-this-week","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6214","title":{"rendered":"3 Things That Could Impact Crypto Markets This Week"},"content":{"rendered":"
\n

Crypto markets held on to gains made late last week over the weekend, and momentum could continue into the following days.<\/p>\n

There has been a small \u2018Santa rally\u2019 for stocks and crypto markets over the first few days of the year, with around $280 billion entering digital asset markets.<\/p>\n

This week will see the release of key employment figures along with consumer sentiment reports<\/a>.<\/p>\n

\n

\u201cLabor market data is in the spotlight ahead of the January 29th Fed meeting,\u201d commented the Kobeissi Letter.<\/p>\n<\/blockquote>\n

Economic Events Jan. 6 to 10<\/h2>\n

Monday will see the release of the S&P Global Services PMI (Purchasing Managers\u2019 Index), while Tuesday has the ISM (Institute for Supply Management) Services PMI. These reports portray business conditions in the services sector and are leading economic indicators used by economists and analysts.<\/p>\n

The focus then switches to labor market data with the November JOLTS Job Openings report on Tuesday and December ADP Nonfarm Employment data on Wednesday.<\/p>\n

December\u2019s Nonfarm Payrolls and Unemployment reports are due on Friday, and these present the number of new jobs created during the previous month, along with the percentage of people actively seeking employment.<\/p>\n

These two reports are important economic indicators as they track the shift in the number of positions that are strongly associated with the overall health of the economy.<\/p>\n

\n

Key Events This Week:<\/p>\n

1. S&P Global Services PMI data \u2013 Monday<\/p>\n

2. November JOLTS Job Openings \u2013 Tuesday<\/p>\n

3. December ADP Nonfarm Employment data \u2013 Wednesday<\/p>\n

4. Fed Meeting Minutes \u2013 Wednesday<\/p>\n

5. December Jobs Report \u2013 Friday<\/p>\n

6. Total of 8 Fed Speaker Events<\/p>\n

Get ready for a\u2026<\/p>\n

\u2014 The Kobeissi Letter (@KobeissiLetter) January 5, 2025<\/a><\/p>\n<\/blockquote>\n