๐
**U.S. macro week: PMI, ISM, FOMC minutes and the labor market. What could move the market**
๐ Monday (today), Kyiv time. September Services PMI comes out at 16:45: forecast 58.7, previous 56.5. At 17:00, the ISM Non-Manufacturing Index is released: forecast 55.1, previous 55.4. Strong figures could increase expectations of a hawkish Fed, while weak ones could cool them.
๐ข Wednesday, 17:30. Crude oil inventories, previous reading +0.922M. This is an indirect signal for energy prices and inflation expectations.
๐ Wednesday, 21:00: FOMC minutes. The main event of the week. The minutes will show how united officials were. The odds of an October rate hike are currently estimated at just 18.3%.
๐ผ Thursday, 15:30: jobless claims. Forecast 200K, previous 197K. An increase in claims points to a cooling labor market and usually lowers expectations of Fed tightening.
๐งญ The highest volatility is possible when the data is released. Coming up on the calendar: CPI on October 14 and the Fed decision on October 28. Itโs better to wait for a confirmed move rather than chase the first candle.
๐ฌ Which event of the week do you think will have the biggest impact?
โ๏ธ Be alert and careful. Always manage your risk.
$BTC
$ETH
๐ Monday (today), Kyiv time. September Services PMI comes out at 16:45: forecast 58.7, previous 56.5. At 17:00, the ISM Non-Manufacturing Index is released: forecast 55.1, previous 55.4. Strong figures could increase expectations of a hawkish Fed, while weak ones could cool them.
๐ข Wednesday, 17:30. Crude oil inventories, previous reading +0.922M. This is an indirect signal for energy prices and inflation expectations.
๐ Wednesday, 21:00: FOMC minutes. The main event of the week. The minutes will show how united officials were. The odds of an October rate hike are currently estimated at just 18.3%.
๐ผ Thursday, 15:30: jobless claims. Forecast 200K, previous 197K. An increase in claims points to a cooling labor market and usually lowers expectations of Fed tightening.
๐งญ The highest volatility is possible when the data is released. Coming up on the calendar: CPI on October 14 and the Fed decision on October 28. Itโs better to wait for a confirmed move rather than chase the first candle.
๐ฌ Which event of the week do you think will have the biggest impact?
โ๏ธ Be alert and careful. Always manage your risk.
$BTC
$ETH