According to Michaël van de Poppe (@CryptoMichNL), the current rally in gold reflects a persistent risk-off mentality among traders as the FED meeting approaches on Wednesday. He highlights that the upward trend in Services PMI is a positive macroeconomic indicator. For crypto traders, the ongoing build-up in Bitcoin suggests accumulation, and van de Poppe anticipates a potential upward move in Ethereum prices following the FED's decision (Source: Twitter/@CryptoMichNL, May 5, 2025). Traders should monitor volatility around the FED meeting, as both traditional and crypto markets may react sharply to policy updates.

According to Edward Dowd, housing services constitute 15% of the total services economy, with finance and insurance related to housing activity making up approximately 25% of the services portion of GDP, which is 80%. The recent services PMI number was strong, indicating current economic strength. However, Dowd notes potential challenges ahead, as new home sales are not showing similar strength, which could impact future trading strategies in housing and finance sectors.