How does the PMI flash affect the trading volume of digital currencies?

1 answers

• Dec 27, 2021 · 3 years ago
  At BYDFi, we closely monitor the impact of the PMI flash on the trading volume of digital currencies. Our analysis suggests that there is a correlation between the PMI flash data and the trading volume in the digital currency market. However, it is important to note that correlation does not imply causation. While the PMI flash can provide useful information about the economic conditions, it is just one piece of the puzzle. Traders and investors should consider a wide range of factors, including technical analysis, market trends, and news events, to make informed trading decisions.
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