This week holds immense significance for macroeconomic analysts and investors alike. Macro events slated for the upcoming days could potentially reshape market sentiment, particularly as we await crucial readings on the U.S. economy. Analysts from Greeks.live underscore the importance of Friday's non-farm payroll data along with the unemployment rate, which represent the last significant economic indicators before the pivotal election.
In a striking observation, the Federal Reserve officials have a notably minimal schedule of speaking engagements, indicating a measured approach ahead of this crucial period. Although the market appears somewhat indifferent towards the election compared to earlier expectations, the atmosphere remains charged with uncertainty.
Notably, the implied volatility (IV) surrounding election cycle options continues to reflect a steady increase, highlighting heightened market awareness. As we navigate through this week's economic landscape, several key events are on the horizon: - **Wednesday, October 30:** - U.S. October ADP Employment Change (20:15 UTC+8) - U.S.
Q3 GDP Annualized Growth Rate Preliminary (20:30 UTC+8) - **Thursday, October 31:** - Bank of Japan Interest Rate Decision and Outlook Report - U.S. September Core PCE Price Index (20:30 UTC+8) - U.S. Weekly Initial Jobless Claims (20:30 UTC+8) - **Friday, November 1:** - U.S.
October Unemployment Rate (20:30 UTC+8) - U.S. October Non-Farm Payrolls (20:30 UTC+8) - U.S. October ISM Manufacturing PMI (22:00 UTC+8) - Apple Inc. Earnings Report Turning our gaze to the cryptocurrency market, performance has been less than stellar this week. Despite Bitcoin's endeavor to breach previous highs, it encountered resistance, leading to notable declines across various cryptocurrencies.
Presently, it appears that the U.S. election holds minimal influence on the crypto market dynamics. Currently, Bitcoin's implied volatility in the short to medium term reflects a generally subdued outlook—averaging below 40%. However, this figure can escalate to 60% as the election approaches, positioning it as a unique trading opportunity in the near future.
As for the landscape in the crypto interest rate market, platforms like Bitfinex showcase a relatively stable interest rate environment, though occasional high-interest orders have peaked at 20%. Engaging proactively in strategically tailored interest rate orders, particularly during periods of market volatility, is highly advisable for investors looking to maximize their returns..