10.6 Morning Briefing丨📝
$BTC is hovering around 86,000. Yesterday it surged to 87,000, but was pushed back down and still failed to break through. ETH: 2,720.
Nonfarm payrolls rose by just 29,000, and the unemployment rate was 4.2%, largely cooling market expectations of a rate hike in October. The dollar closed slightly lower at 101.94. The 10-year Treasury yield fell before rebounding to close at 5.283%, without following the weakening trend in the jobs report. WTI fell to 90.33, while Brent remained at 101.83.
The G7 plans to release up to 100 million barrels of crude oil and diesel over four months. Trump said there would be no ban on diesel exports. Iran responded to the U.S., saying that discussions related to the Strait of Hormuz are the priority at this stage. OPEC+ confirmed that November quotas will remain unchanged.
Hammack believes the jobs report is in line with recent employment trends and that policymakers can afford to wait and see; Logan continues to insist on at least another 50 basis points. One side is releasing reserves to push oil prices down, while the question of rate hikes has yet to be fully settled.
BTC needs to hold above 87,200 for the outlook for further gains to look promising. ETH is range-bound between 2,650 and 2,800. The estimated probability of a rate hike in October is now just 22%, while the 10-year Treasury yield is holding around 5.25%.
Key dates: Wednesday’s Fed minutes; CPI on the 14th.
The 87,200 level is crucial. Near-term support is at 83,000; if that breaks, the next level to watch is 81,000. Treasury yields have not fallen significantly, so the jobs report alone is not enough to justify turning bullish.
⚠️ Note: This does not constitute investment advice.
#以太坊Q3涨70%流动性下降
$BTC is hovering around 86,000. Yesterday it surged to 87,000, but was pushed back down and still failed to break through. ETH: 2,720.
Nonfarm payrolls rose by just 29,000, and the unemployment rate was 4.2%, largely cooling market expectations of a rate hike in October. The dollar closed slightly lower at 101.94. The 10-year Treasury yield fell before rebounding to close at 5.283%, without following the weakening trend in the jobs report. WTI fell to 90.33, while Brent remained at 101.83.
The G7 plans to release up to 100 million barrels of crude oil and diesel over four months. Trump said there would be no ban on diesel exports. Iran responded to the U.S., saying that discussions related to the Strait of Hormuz are the priority at this stage. OPEC+ confirmed that November quotas will remain unchanged.
Hammack believes the jobs report is in line with recent employment trends and that policymakers can afford to wait and see; Logan continues to insist on at least another 50 basis points. One side is releasing reserves to push oil prices down, while the question of rate hikes has yet to be fully settled.
BTC needs to hold above 87,200 for the outlook for further gains to look promising. ETH is range-bound between 2,650 and 2,800. The estimated probability of a rate hike in October is now just 22%, while the 10-year Treasury yield is holding around 5.25%.
Key dates: Wednesday’s Fed minutes; CPI on the 14th.
The 87,200 level is crucial. Near-term support is at 83,000; if that breaks, the next level to watch is 81,000. Treasury yields have not fallen significantly, so the jobs report alone is not enough to justify turning bullish.
⚠️ Note: This does not constitute investment advice.
#以太坊Q3涨70%流动性下降