@haiphong1
US ISM Manufacturing PMI drops tonight.
Quick refresher:
S&P Global PMI is exchange-based. ISM PMI reflects nationwide factory activity.
If factories are busy → USD strengthens → DXY up.
If factories slow → DXY down.
S&P Global PMI already fell (even after “adjustments”), so ISM *shouldn’t* come in strong.
But watch closely for “polishing.”
If PMI magically rises because prior data gets revised, yet DXY doesn’t move up, that’s your tell.
PMI is a survey of factory spending. More spending = stronger economy = stronger dollar.
So yeah…
You already know what that means for Bitcoin.
0 reply
0 recast
1 reaction