In recent insights shared by macro researcher Adam from Greeks.live, the focus for the week of September 30 to October 6 is on important macroeconomic indicators. Among the most significant data releases this week are the unemployment rate and non-farm payroll data, set to be unveiled on Friday. When contrasting the currently flourishing A-share market with the U.S.
stock market, the latter seems to fall short in terms of performance. It is worth noting how the cryptocurrency market aligns with the fluctuations of the U.S. stock market. The primary connection observed between A-shares and cryptocurrencies appears to be a scenario where some investors are reallocating their assets by cashing out to reinvest in stocks, an action that has subsequently pressured the fiat price of USDT downward. This week presents a cautiously optimistic atmosphere as market confidence shows signs of recovery, although it's clear we are still in the process of bottoming out.
Below are the critical economic events to watch for this week: - **Monday, September 30**: U.S. President Biden is scheduled to give a speech at 23:00 (UTC+8). - **Tuesday, October 1**: Federal Reserve Chairman Powell will address the National Association for Business Economics at 02:00 (UTC+8), followed by the release of the U.S.
September ISM Manufacturing PMI at 22:00 (UTC+8). - **Wednesday, October 2**: The U.S. September ADP Employment Change figures will be reported at 20:15 (UTC+8). - **Thursday, October 3**: Initial Jobless Claims for the week will be released at 20:30 (UTC+8). - **Friday, October 4**: The unemployment rate for September in the U.S.
will be disclosed at 20:30 (UTC+8), along with the Non-Farm Payrolls data for the same month at the same time. As we look at the cryptocurrency market, we are entering a phase characterized by volatility, especially as the quarterly settlement period draws to a close. Despite the fluctuating dynamics, the major term implied volatility remains relatively low, indicating that the market is still facing considerable downward pressure.
Historically, however, October is known to be a month that can present favorable conditions for market participants..