in the USA Bitcoin (BTC) Gross Domestic Product (GDP) and unemployment claims data for the quarter, which is critical for financial markets, were announced.
- US ongoing jobless claims: 1.672 million (estimate 1.6775 million, previous 1.671 million)
- US initial jobless claims: 216k (estimate 222k, previous 211k)
- US GDP quarter-final: 3.2% (estimate 2.9%, previous 2.9%)
Bitcoin price reacted with a drop to the development:
Important Data for Bitcoin (BTC) Coming This Week in US Markets
The US Dollar Index, which closed with a slight rise on Wednesday, turned down with the improving market mood in the early hours of Thursday and fell below the 104.00 level. The 10-year US Treasury yield remained below 3.7%, while US stock index futures posted small gains on the day. The US Bureau of Economic Analysis will release its final forecast for third quarter Gross Domestic Product (GDP) growth at 16:30.
Weekly Unemployment Claims data and Chicago Federal Reserve Bank’s National Activity Index for November will also be on the US economic agenda.
Data from the US on Wednesday revealed that Existing Home Sales fell 7.7% month-on-month in November. In addition, the Conference Board’s Consumer Sentiment Survey’s one-year consumer inflation rate expectation fell from 7.1% to 6.7% in December. Wall Street’s main indexes gained value, making it difficult for the US Dollar to gather strength in the second half of the day.
Data from Canada on Wednesday revealed that the annual Consumer Price Index fell to 6.8% in November from 6.9% in October.
*Not investment advice.
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