This week, buyers have only traded events that have not yet been finalized. The September nonfarm payrolls were released on October 2, excluding the preview figures: new jobs 29,000, below consensus; unemployment rate 4.2%; and year-on-year average hourly earnings 3.0%, with the three-month average at roughly 51,000. The federal funds target range is 3.75%-4.00%, with the September 16 decision unanimously adding 25bp; the next meeting is October 28, with no dot plot. The 10-year yield is around 5.27%, and the long end briefly stood above 5.3%.
Not yet finalized (US Eastern):
Monday 10:00 ISM Services PMI, expected 55.0 vs prior 55.4; prices paid expected 73.2 vs prior 72.6.
Tuesday 8:30 trade balance; 13:00 3-year auction; 18:00 Logan speech.
Wednesday 13:00 10-year auction; 14:00 September FOMC minutes, covering rate-hike discussions; the text lagged behind the soft nonfarm and officials’ patient remarks; 15:00 consumer credit.
Thursday 8:30 initial jobless claims; 13:00 30-year auction.
Friday 10:00 Michigan sentiment and inflation expectations; 09:30 Schmid speech.
From China’s Golden Week through the 7th, liquidity in Asia is relatively thin. Next week is the high-volatility window: BLS September CPI on the 14th and PPI on the 15th.
The 10-year auction added to Wednesday’s minutes is the main volatility focal point this week. Would you rather trade the outdated hawkish tone in the minutes, or the auction tail?
#Binance #美股 #宏观 #市场分析 #Crypto
Not investment advice; trading involves risk.
Not yet finalized (US Eastern):
Monday 10:00 ISM Services PMI, expected 55.0 vs prior 55.4; prices paid expected 73.2 vs prior 72.6.
Tuesday 8:30 trade balance; 13:00 3-year auction; 18:00 Logan speech.
Wednesday 13:00 10-year auction; 14:00 September FOMC minutes, covering rate-hike discussions; the text lagged behind the soft nonfarm and officials’ patient remarks; 15:00 consumer credit.
Thursday 8:30 initial jobless claims; 13:00 30-year auction.
Friday 10:00 Michigan sentiment and inflation expectations; 09:30 Schmid speech.
From China’s Golden Week through the 7th, liquidity in Asia is relatively thin. Next week is the high-volatility window: BLS September CPI on the 14th and PPI on the 15th.
The 10-year auction added to Wednesday’s minutes is the main volatility focal point this week. Would you rather trade the outdated hawkish tone in the minutes, or the auction tail?
#Binance #美股 #宏观 #市场分析 #Crypto
Not investment advice; trading involves risk.