U.S. futures are trading higher (S&P 500 +0.2%).
Dollar declines for the fourth consecutive day, at the lowest level of the month.
10-year Treasuries are near 1-month lows, as the market raises bets on a rate cut as early as April.
Gold remains above $5,000 an ounce.
The market awaits the January payroll, with expectations for weaker numbers and a possible downward revision of estimates until March 2025.
The economy is still in a 'K-shaped' dynamic, with attention on the American consumer.
Europe reports a decline in wealth managers following concerns about the impact of a new AI tool on the sector.
BTC (Bitcoin) operates on our support line in the 66k region in the macro analysis. [Info: VIP Group]. Next support 58k.
Brief economic analysis:
Powell's and the Fed's message is clear: there is no defined path for interest rate cuts in the short term, and the authority is well-positioned to wait and observe the evolution of the data before any decision. The payroll gains even more relevance in this context. If the numbers reinforce a consistent slowdown, the narrative may pressure the dollar and support risk assets like stocks and crypto. On the other hand, resilient data maintain the scenario of high interest rates for longer, which may limit more aggressive movements in the short term.
#payroll #btc #BinanceSquareBTC
