XT Research Institute: At 20:30, the U.S. Department of Commerce will announce the annual rate of the core PCE price index in June, which may be transmitted to the crypto market

XT Research Institute reminds that at 20:30 on July 26, 2024, Singapore time, the US Department of Commerce will announce the annual rate of the US core PCE price index in June. · Expected impact: The market generally expects that the impact of the US core PCE data will be transmitted to the US dollar index, US Treasury yields and interest rate cut expectations, and may be transmitted to the risk market and cryptocurrency market. · Data impact: The previous value of the data was 2.6%, and the forecast value was 2.5%. If the published value is less than the expected value, for example: the annual rate of the US core PCE price index in June is 2.3% less than the forecast value of 2.5% less than the previous value of 2.6%, it is bearish for the US dollar and bullish for non-US currencies. It is bearish for Treasury yields. It is bullish for interest rate cut expectations and bearish for interest rate hike expectations. It is bullish for risk markets and bullish for cryptocurrency markets.