We are moving towards the first days of October and Bitcoin (BTC) $113,362.30 He reclaimed the $ 112 thousand support level again. Subcoins It began to recover from support levels. This week it will be busy for crypto coins. So what important developments are waiting for us? As every week, we will discuss significant developments in crypto currencies this week.
Important developments in crypto currencies
The Fed Week was left behind and last week PCE and we saw the status of inflation. This week, we will see that the employment figures, which are of key importance in order to continue interest rate cuts, are announced. While inflation is experiencing a limited increase, the contraction in employment needs to continue visibly in order to reduce interest rates.
Will employment continue to shrink? What are the way to consensus expectations? What are the investors expect?
29 September Monday
- 18:00 Trump will meet with Netanyahu
- 20:30 Fed Williams and Mücaplar
Tuesday, September 30
- 01:00 Fed Bostic
- 13:00 Fed Jefferson and Logan
- 17:00 USA CB Consumer Confidence Index (Expectation: 96 Previous: 97.4)
- 17:00 US JOLTS (Expectation: 7,17m Previous: 7,181m)
- 20:30 Fed Goolsbee
Wednesday, October 1
- 07:00 The closure of the US government (potential)
- 15:15 US Adp Employment Change (Expectation: 50k Previous: 54k)
- 16:45 US S&P Manufacturing PMI Final (Expectation and Previous: 52)
- Token2049 Singapore
- 1inch Announcement
- 17: 00-18: 00 Senate Crypto Taxation Session
Thursday, October 2
- 12:00 Euro Zone Unemployment Rate (Expectation and Previous: 6.2 %)
- 15:30 US First Unemployment Applications (Expectation: 225k Previous: 218k)
- 17:00 US Factory Orders Monthly (Expectation: 1.4 %Previous: -1.3 %)
- 17:30 Fed Logan
- Suifest
Friday, October 3
- 10:00 Consumer Price Index Monthly (Expectation: 2.55 %Previous: 2.04 %)
- 15:30 US unemployment rate (Expectation and Previous: 4.3 %)
- 15:30 USA Non -Agricultural Employment Data (Expectation: 50k Previous: 22k)
- 15:30 USA average gains (expectation and previous: 3.7 %)
Will be careful
With employment data, we will understand why the FED members are worried. Most interest because discounts should not continue inflation He says that employment tends to recover while rising. We will see whether they are right if they are right this week with future data.
Consensus expectations for data indicate recovery compared to the previous month. There is no annual increase in unemployment rate. If the slimming in employment does not persist while inflation increases, these crypto currencies are not good and the markets may experience a decrease in the coming days and hours with concern.