Macro week: three key releases will set the market mood for the coming days.
Monday, November 2, 17:00 Kyiv — ISM Manufacturing PMI (US). The manufacturing business activity index will show how real the risk of a recession in the industrial sector is. Weak data increase the odds of Fed policy easing — historically a positive signal for risk assets, including crypto.
Wednesday, November 4, 17:00 Kyiv — ISM Services PMI (US). The services sector is the backbone of the US economy. A strong reading lowers the likelihood of a rate cut, weighing on liquidity and creating risk-off pressure. A weak reading does the opposite.
Friday, November 6, 15:30 Kyiv — Nonfarm Payrolls. The main event of the week. The labor market directly influences Fed rhetoric. An unexpectedly strong report could sharply cool risk appetite; disappointing figures could pave the way for a crypto rally.
Watch BTC's reaction in the first few minutes after each release — that's when the momentum for the days ahead takes shape.
$BTC $ETH #Macro #NFP
Monday, November 2, 17:00 Kyiv — ISM Manufacturing PMI (US). The manufacturing business activity index will show how real the risk of a recession in the industrial sector is. Weak data increase the odds of Fed policy easing — historically a positive signal for risk assets, including crypto.
Wednesday, November 4, 17:00 Kyiv — ISM Services PMI (US). The services sector is the backbone of the US economy. A strong reading lowers the likelihood of a rate cut, weighing on liquidity and creating risk-off pressure. A weak reading does the opposite.
Friday, November 6, 15:30 Kyiv — Nonfarm Payrolls. The main event of the week. The labor market directly influences Fed rhetoric. An unexpectedly strong report could sharply cool risk appetite; disappointing figures could pave the way for a crypto rally.
Watch BTC's reaction in the first few minutes after each release — that's when the momentum for the days ahead takes shape.
$BTC $ETH #Macro #NFP
