Crypto currencyOctober for the s for the rise began. While Bitcoin went above the $ 106,000 threshold, Ethereum exceeded the $ 4,300 threshold. QCP, In the latest market analysis This week, ISM and non -agricultural employment data coming from the USA is waiting for softening but resistant table to confirm. According to the analysts, the recovery in the CESi index indicates that the GDPNow points to about 3.3 percent on an annual quarterly basis, and the fact that the core PCE is watching at 2.9 percent shows that consumption remains strong. QCP, the effects of the interest rate reduction of approximately 100 basis in 2024 still spread to the economy, while last month after the 25 basis -point insurance reduction, the reason for accelerating interest rates weak. Indeed, the President of the FED Jerome Powell‘s emphasis on uncertainty, the return, the year -year interest rate reduction expectations has pulled down.
Macro View and Fed Booties
According to QCP, activity data points to moderate growth in the US. The S&P global manufacturing index holds around 52 despite the cooling in the tariff and labor market. Moreover, the disinflation rate slowed down, but it did not reversal. ISM employment component does not produce a strong recovery signal in the payrolls. In this context, QCP analysts labor marketWhile waiting for him to see the bottom at the beginning of 2026, he said that the policy adjustment remained on the side of managing employment risks.
Inflation While closer to 3 percent, relaxation is expected to watch shallow. Analysts highlighted interest in interest. The short term is more constant with relaxation tendency, and the long term is adhesive due to maturity premium and supply dynamics. An employment data above the expectations to be announced on Friday is expected to raise returns and suppress the shares and horizontal. Expectation six employment dataIt is foreseen that it will verify gradual relaxation and erect the curve.
QCP sees the budget contention in Washington limited in terms of prices. The closure of the US government is considered to be limited to the continuation of the basic services and the income impact of retrospective salary payments. In this direction, analysts in the 35 -day closure period of 2018-2019 S&P 500Approximately 10 percent of the rise of an example. Due to simultaneous correlation Bitcoin It was stated to evaluate the withdrawals instead of chasing the opening gaps.
Eyes to be explained in crypto currencies
The eyes of crypto currency investors are available today and for the rest of the week. For today ISM Manufacturing Index (Expectation 49.3) data stands out. Data, employment, new orders and accumulated work titles will be closely monitored for payrolls and production tempo. QCP analysts expect the high interest in non -agricultural employment data due to recent debates. Therefore, it will be announced on Thursday Applications for Unemployment Rights And Consumer trust It is considered that the data may be confirmed from the possible bottom to the bottom.
Will be announced on Friday Non -agricultural employment Data (50,000 new employment and 4.3 percent unemployment rate) is expected to be fully decisive for the direction of the markets. The real question is knotted last month when it is the beginning of a deviation from 22,000 new employment or the start of the tender of softening compatible with ISM employment.
