Macro week: two events could set the tone for the entire market in the coming weeks.
Wednesday, October 28 — Fed rate decision (FOMC). This is the week’s main event. Markets will parse every word of the central bank’s rhetoric for clues about the future path of monetary policy. Any hint of easing has historically been positive for risk assets, including crypto. A hawkish stance or cautious tone could trigger a flight to safe havens and volatility across the digital asset market.
Monday, November 2, 17:00 Kyiv time — ISM Manufacturing PMI (US). This indicator of the manufacturing sector’s health reflects the economy’s real condition. Weak data fuels recession fears and weighs on risk-on sentiment. Strong data supports risk appetite, which has historically correlated with capital inflows into the crypto market.
It’s a packed week. Keep your risk under control.
$BTC $ETH #Macro #FOMC
Wednesday, October 28 — Fed rate decision (FOMC). This is the week’s main event. Markets will parse every word of the central bank’s rhetoric for clues about the future path of monetary policy. Any hint of easing has historically been positive for risk assets, including crypto. A hawkish stance or cautious tone could trigger a flight to safe havens and volatility across the digital asset market.
Monday, November 2, 17:00 Kyiv time — ISM Manufacturing PMI (US). This indicator of the manufacturing sector’s health reflects the economy’s real condition. Weak data fuels recession fears and weighs on risk-on sentiment. Strong data supports risk appetite, which has historically correlated with capital inflows into the crypto market.
It’s a packed week. Keep your risk under control.
$BTC $ETH #Macro #FOMC
