🚀 🔥 Macro Outlook: Fed Rate Decision, U.S. Jobs Data, and PCE Inflation to Drive Markets Next Week 🔥
#FedRateDecision #USJobsData #PCEInflation #NonFarmPayrolls #Stablecoin #FOMC #JoblessClaims #EconomicOutlook #PowellPressConference #ISMManufacturingPMI #ConsumerConfidence
Key macroeconomic events next week include the Federal Reserve’s interest rate decision, Powell’s press conference, and U.S. non-farm payrolls. Markets also eye PCE inflation and Hong Kong’s new stablecoin law.Key TakeawaysFOMC meeting and rate decision Thursday — markets await Powell’s remarks for clues on future cuts.U.S. core PCE inflation expected at 2.7%, matching the prior month’s level.July non-farm payrolls (NFP) expected to slow to 102K from June’s 147K.Hong Kong’s Stablecoin Ordinance takes effect Friday, marking a regulatory milestone.Major Events to WatchWednesday, July 30:U.S. ADP Employment (July): Expected +75K jobs.Thursday, July 31:Federal Reserve FOMC rate decisionPowell’s press conference to set market tone on inflation and cuts.U.S. initial jobless claims (week ending July 26): Prior 217K.U.S. core PCE price index (June): Expected 2.7% YoY, unchanged from May.Friday, August 1:Hong Kong’s Stablecoin Ordinance goes live — first-of-its-kind law for crypto payments.U.S. July Non-Farm Payrolls (NFP): Expected 102K vs. prior 147K.U.S. ISM Manufacturing PMI (July): Forecast 49.6, up slightly from 49.0.University of Michigan Consumer Confidence (July, final): Expected 61.8.#FedRateDecision #USJobsData #PCEInflation #NonFarmPayrolls #Stablecoin #FOMC #JoblessClaims #EconomicOutlook #PowellPressConference #ISMManufacturingPMI #ConsumerConfidence
🚀 🔥 Matrixport Warns Bitcoin Correction May Continue as $108K Support Tested 🔥
#Bitcoin #BTC #Matrixport #BitcoinCorrection #108KSupport #SeasonalWeakness #USJobsData #FedPolicy #MacroRisks #BitcoinPrice
Key Takeaways:Bitcoin price retreated to the $106K–$108K range, the same zone it previously broke out from.Matrixport turned conservative, saying seasonal weakness since July is adding pressure.Upcoming U.S. employment data may trigger further volatility, with risks of deeper declines.Crypto financial services firm Matrixport has cautioned that Bitcoin’s latest pullback may not be over, warning of further downside pressure as the market enters a critical technical and macroeconomic phaseIn its daily chart update, Matrixport noted that BTC has fallen back into the $106,000–$108,000 breakout range, a level now acting as key support. The firm shifted to a more cautious outlook in its latest Target report, citing signs of seasonal weakness since late July and mounting “periodic pressure.”“This correction may continue. Further price declines might surprise most traders, but this risk cannot be ignored,” the report stated.Macro risks loom ahead of U.S. jobs reportMarkets are now eyeing the U.S. employment data due later this week, which could influence Federal Reserve policy expectations. While interest rate cuts are typically seen as bullish for Bitcoin and risk assets, Matrixport warned that they often arrive alongside market turbulence.The firm emphasized that Bitcoin remains at a critical technical juncture, where the outcome of macroeconomic catalysts may determine whether the correction deepens or stabilizes.#Bitcoin #BTC #Matrixport #BitcoinCorrection #108KSupport #SeasonalWeakness #USJobsData #FedPolicy #MacroRisks #BitcoinPrice
🚀 BNB News: BNB Price Drops Below $860 as Traders Await U.S. Jobs Data and Fed Cut Signals
#BNB #BNBPrice #BNBNews #Binance #BinanceSmartChain #USJobsData #FedRateCut #FOMC #FedWatch #CME #Polymarket #PriceResistance #SupportLevel #VolumeSpike #WalletGrowth #DeFiLlama #CryptoMarkets #MacroData
BNB extended its pullback on Monday, slipping below $860 after intraday swings failed to break resistance near $868, data from CoinDesk Research shows.The move comes after the token briefly touched an all-time high of $900 late last month but has since struggled to reclaim bullish momentum. Over the past 24 hours, BNB traded between $849.88 and $868.76, with heavy selling pressure emerging near the upper range.Despite the price weakness, underlying network activity surged. Daily active wallet addresses on BNB Chain doubled to 2.5 million, according to DeFiLlama. However, overall transaction volumes have steadily declined since late June, signaling a disconnect between wallet growth and actual network usage.Traders brace for Fed signalsBNB’s price swings are unfolding against a backdrop of global macro uncertainty. This week, U.S. manufacturing and services surveys along with August payroll data could shape expectations for the Federal Reserve’s September policy decision.The CME FedWatch tool shows a 90% probability of a 25 basis-point rate cut, while prediction market Polymarket assigns 82% odds. Lower rates could provide tailwinds for risk assets, but traders remain cautious ahead of the release.Technical analysis: key levels in playBNB’s attempt to rally from $860.30 to $868.08 was met with strong resistance around $867–$868, now established as a critical ceiling. Trading volume spiked to 72,000 tokens, well above the average of 54,000, signaling heavy participation during the failed breakout.After rejection, the token retraced to the $850–$855 zone, where buying interest emerged. A volume spike at $851.40 suggested strong demand at lower levels, keeping BNB anchored for now.#BNB #BNBPrice #BNBNews #Binance #BinanceSmartChain #USJobsData #FedRateCut #FOMC #FedWatch #CME #Polymarket #PriceResistance #SupportLevel #VolumeSpike #WalletGrowth #DeFiLlama #CryptoMarkets #MacroData
🚀 Bitcoin Volatility Surges Amid U.S. Jobs Data, Gold Hits Record High
#Bitcoin #Volatility #USJobsData #Gold #RecordHigh #September #FedRateCut #FedWatch #CMEGroup #KobeissiLetter #NonfarmPayrolls #NFP #LaborMarket #TechnicalAnalysis #MovingAverages #SupportResistance #BTCPrice #BitcoinPrice #CryptoMarket #MarketOutlook
According to Cointelegraph, Bitcoin experienced significant volatility as U.S. jobs data released on Friday fell short of expectations, leading to a sharp decline in its value. The cryptocurrency reached new highs of $113,400 for September before plummeting nearly $3,000 within an hour. The disappointing nonfarm payrolls report revealed that the U.S. economy added only 22,000 jobs in August, far below the anticipated 75,000. This unexpected result caused the U.S. dollar to weaken, while gold surged to new all-time highs.
Market participants are now anticipating a potential interest rate cut by the Federal Reserve at its upcoming meeting on September 17, as indicated by data from CME Group’s FedWatch Tool. The Kobeissi Letter highlighted that this jobs report is the second lowest since July 2021, signaling a rapid deterioration in the labor market. Additionally, previous months' job numbers have been revised downward, with June's figures turning negative and a loss of 357,000 full-time jobs in August.
Despite the implications of the jobs data for Bitcoin, its price action remained subdued, failing to capitalize on the situation. Traders are focusing on key resistance levels that need to be converted into support, with the 200-period simple and exponential moving averages on four-hour charts being crucial indicators. These levels have acted as resistance in recent weeks and are currently being tested again. Some traders believe reclaiming these levels could lead to further upside, while others maintain a bearish outlook, predicting a potential drop towards $100,000 or even lower to the $92,000-$94,000 CME gap level.
The cryptocurrency market remains uncertain, with mixed opinions on Bitcoin's future trajectory. Investors and traders are advised to conduct thorough research and exercise caution, as every investment carries inherent risks. This article does not offer investment advice or recommendations.#Bitcoin #Volatility #USJobsData #Gold #RecordHigh #September #FedRateCut #FedWatch #CMEGroup #KobeissiLetter #NonfarmPayrolls #NFP #LaborMarket #TechnicalAnalysis #MovingAverages #SupportResistance #BTCPrice #BitcoinPrice #CryptoMarket #MarketOutlook
🚀 Goldman Sachs: U.S. October Jobs Data Likely Early Next Week if Shutdown Ends
#GoldmanSachs #USJobsData #OctoberJobsReport #GovernmentShutdown #BLS #EconomicDataDelays #CPI #EmploymentReport #FederalReserve #MonetaryPolicy #FinancialMarkets #InflationData #MarketUncertainty #USEconomy #FundingBill #SenateApproval
Goldman Sachs economists said that the release of key U.S. economic data has been delayed due to the ongoing federal government shutdown, but the October jobs report could be released as early as next week if the government reopens in time.According to PANews, Goldman analysts noted that both September and October federal data releases have faced disruptions. The U.S. Bureau of Labor Statistics (BLS) is preparing to release the October employment report soon after the shutdown ends, potentially in the first half of next week.Other Economic Reports Face DelaysWhile the jobs report may be prioritized, other major data releases — including the November employment report and inflation data (CPI) — could be delayed by at least one week due to the ongoing logistical backlog.The delays have increased uncertainty for financial markets and policymakers, who rely on timely macroeconomic data to assess the strength of the U.S. economy and guide monetary policy decisions.Market ContextThe delays come amid heightened market sensitivity following the Senate’s approval of a temporary funding bill extending government funding through January 30.Analysts say that while the bill temporarily averts a government shutdown, the data gap may complicate the Federal Reserve’s assessment of economic trends ahead of the next policy meeting.#GoldmanSachs #USJobsData #OctoberJobsReport #GovernmentShutdown #BLS #EconomicDataDelays #CPI #EmploymentReport #FederalReserve #MonetaryPolicy #FinancialMarkets #InflationData #MarketUncertainty #USEconomy #FundingBill #SenateApproval
🚀 Delayed U.S. September Jobs Data to Be Released Amid Economic Uncertainty
#USjobsdata #Septemberjobsreport #economicuncertainty #governmentshutdown #FederalReserve #interestrates #macroeconomicdata #unemploymentrate #nonfarmpayrolls #joblessclaims
According to BlockBeats, the release of the U.S. September non-farm payroll data, initially scheduled for October 3, was postponed due to the government shutdown and is set to be announced tonight. The U.S. Bureau of Labor Statistics had completed data collection and analysis before the shutdown, ensuring minimal impact on data quality. During the October Federal Reserve meeting, interest rates were cut despite insufficient data, with no commitment to future rate cuts. Federal Reserve Chair Jerome Powell indicated that the October rate cut was a "risk management" decision and suggested significant internal disagreements within the Fed.
As the first major economic data release following the government shutdown, the September jobs report could serve as a crucial catalyst for future market trends if it provides new insights. Key macroeconomic data to be released at 9:30 PM UTC+8 includes the U.S. September unemployment rate, seasonally adjusted non-farm employment figures, and initial jobless claims for the week ending November 15.#USjobsdata #Septemberjobsreport #economicuncertainty #governmentshutdown #FederalReserve #interestrates #macroeconomicdata #unemploymentrate #nonfarmpayrolls #joblessclaims