What impact does the composite PMI have on the cryptocurrency market?
JeyaMar 02, 2024 · a year ago1 answers
How does the composite PMI (Purchasing Managers' Index) affect the cryptocurrency market? What is the relationship between the PMI and the price movements of cryptocurrencies?
1 answers
- eamgioMay 06, 2023 · 2 years agoAt BYDFi, we closely monitor economic indicators like the composite PMI to gain insights into market trends. While the PMI can provide valuable information, we also consider other factors such as trading volume, market sentiment, and news events to make informed trading decisions. It's important to have a comprehensive approach to cryptocurrency trading and not rely solely on a single indicator.
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