US labor market report and cryptocurrency regulation in focus: a busy Friday meeting awaits the markets

US labor market report and cryptocurrency regulation in focus: a busy Friday meeting awaits the markets
Thursday was characterized by a busy session in which the focus was on the US economic indicators. The ISM PMI figures for the non-processing industry were better than expected and supported a more restrictive view of the Federal Reserve (FED). However, the ADP numbers to change employment outside of agriculture caused damage.
With an increase in employment outside of agriculture by 497,000, the bets were heated to consecutive interest increases in July and September and burdened risky assets. In addition, bony-related news increases the mood of the market.
Today, Friday also promises to become a busy session, since the US economic indicators will be the focus again. The US labor market report in particular will arouse interest in the afternoon and could strengthen the bets on an interest increase in the Fed in July. For a step in September, however, the bets are steamed because investors hope for weaker inflation numbers and want to wait for the FOMC session in September.
While the US economic calendar is specified, investors should also keep an eye on the crypto messages. Discussions about crypto ETFs and news in connection with the legal dispute between the Securities and Exchange Commission (SEC) and Ripple also have an impact on the mood of investors. In addition, investors should take current developments in the conflict between the SEC and Binance as well as the Sec and Coinbase (Coin).
The market remains volatile and can be influenced by various factors. It remains to be seen how the US economic indicators and the crypto messages will develop in the coming days and what effects they will have on investors.