Fed blackout period coincides with earnings week; Bitcoin may see heightened volatility this week
October 19 — According to market reports, after a sharp pullback in recent days that brought Bitcoin to a monthly low, the cryptocurrency may be heading into another highly volatile trading week.
According to a post by @KobeissiLetter, earnings season is underway and the Federal Reserve has entered its blackout period ahead of its policy meeting. While the market has yet to show fears of a “Black Monday,” several macroeconomic events could still unsettle crypto markets.
This week, market focus has shifted to five things: earnings from major tech companies, U.S. PMI data, consumer inflation expectations, initial jobless claims, and developments in the oil market.
Although there are fewer macroeconomic data releases this week than during the busy CPI and PPI reporting periods, these events could affect expectations for the October 27–28 FOMC meeting through risk appetite and Treasury yields, indirectly driving Bitcoin price volatility.
In particular, key moments include SpaceX reporting earnings on Tuesday, followed the next day by major companies such as Meta, Tesla, and IBM. If their earnings guidance is weak, it could reignite risk aversion and spill over into crypto markets.
The EIA’s weekly petroleum report, also due that day, is worth watching. If inflation concerns push oil prices sharply higher again, fears that the Fed will keep interest rates elevated for longer could intensify, weighing on crypto assets.
Additionally, U.S. initial jobless claims are due on Thursday. They are one of the few fresh labor-market indicators available ahead of the FOMC meeting, though their direct impact on cryptocurrencies is relatively limited.
The market’s main focus will be Friday, when S&P Global releases preliminary U.S. manufacturing and services PMI figures for October. The data should reflect the economy’s current level of activity while also offering a look at pricing pressures facing businesses.
The University of Michigan will also release its final October consumer sentiment reading and inflation expectations that day. Preliminary data showed rising inflation expectations, and with CPI and PPI readings remaining relatively high, the report could have a significant impact on markets.
Which event do you think will have the biggest impact on Bitcoin this week: tech company earnings or PMI and inflation data? Share your view in the comments.
#比特币
October 19 — According to market reports, after a sharp pullback in recent days that brought Bitcoin to a monthly low, the cryptocurrency may be heading into another highly volatile trading week.
According to a post by @KobeissiLetter, earnings season is underway and the Federal Reserve has entered its blackout period ahead of its policy meeting. While the market has yet to show fears of a “Black Monday,” several macroeconomic events could still unsettle crypto markets.
This week, market focus has shifted to five things: earnings from major tech companies, U.S. PMI data, consumer inflation expectations, initial jobless claims, and developments in the oil market.
Although there are fewer macroeconomic data releases this week than during the busy CPI and PPI reporting periods, these events could affect expectations for the October 27–28 FOMC meeting through risk appetite and Treasury yields, indirectly driving Bitcoin price volatility.
In particular, key moments include SpaceX reporting earnings on Tuesday, followed the next day by major companies such as Meta, Tesla, and IBM. If their earnings guidance is weak, it could reignite risk aversion and spill over into crypto markets.
The EIA’s weekly petroleum report, also due that day, is worth watching. If inflation concerns push oil prices sharply higher again, fears that the Fed will keep interest rates elevated for longer could intensify, weighing on crypto assets.
Additionally, U.S. initial jobless claims are due on Thursday. They are one of the few fresh labor-market indicators available ahead of the FOMC meeting, though their direct impact on cryptocurrencies is relatively limited.
The market’s main focus will be Friday, when S&P Global releases preliminary U.S. manufacturing and services PMI figures for October. The data should reflect the economy’s current level of activity while also offering a look at pricing pressures facing businesses.
The University of Michigan will also release its final October consumer sentiment reading and inflation expectations that day. Preliminary data showed rising inflation expectations, and with CPI and PPI readings remaining relatively high, the report could have a significant impact on markets.
Which event do you think will have the biggest impact on Bitcoin this week: tech company earnings or PMI and inflation data? Share your view in the comments.
#比特币