Markets Anticipate Key Economic Data as Crypto Prices Surge – BitRss

In the early days of the new year, stock and cryptocurrency markets experienced a minor “Christmas rally,” attracting approximately $280 billion to the crypto sector. Over the past week, the market has maintained its value gains through the weekend, with experts predicting that the upward trend will continue in the coming days.

Critical Economic Data Captivates Attention

This week, significant employment and consumer sentiment reports are expected in the United States. According to Kobeissi Letter, “Labor market data will be closely monitored ahead of the Fed meeting on January 29.”

Kobeissi Letter Data

The week will begin with the release of the S&P Global Services PMI data. On Tuesday, the ISM Services PMI data will be disclosed. These two indicators are among the key measures of employment conditions in the service sector and future expectations from economists in the U.S.

On Tuesday, the November JOLTS Job Openings data will be released, followed by the December ADP Private Sector Employment figures on Wednesday. The most significant report of the week will c…