Important macroeconomic events are expected next week, which could significantly affect financial markets, including cryptocurrencies. This was reported by researchers at Greeks Live. One of the key will be the publication of data on employment in the non-farm sector in the #UnitedStates and the unemployment rate, which will be the last major economic indicator before the election of a new head of the United States.
According to analysts, attention to the procedure this time is somewhat lower than expected, although uncertainty is still high. The IV election cycle rights remain fairly steady, indicating the tension ahead of the upcoming events.
Among the upcoming events, experts also noted the release of October ADP private sector employment data and preliminary data on US GDP for Q3. This information will help assess the current state of the US economy and possible risks to further growth.
"Also important will be publications from the Bank of Japan on interest rates and the report on the price index of basic personal consumption expenditures (PCE) on Thursday. These indicators will give traders and investors an opportunity to understand what changes are taking place in inflation and monetary policy,” assured specialists.
By the end of the week investors' attention will be focused on the US unemployment data as well as the non-farm payrolls figure. These data usually cause strong volatility in the market. In addition, the publication of the PMI index for the manufacturing sector and the financial report of Apple is expected, which may become an indicator of the state of the US technology sector.
Against the backdrop of these macroeconomic events, the cryptocurrency market is still showing weakness: #Bitcoin❗ failed to reach new highs, while other cryptocurrencies suffered even more significant losses. Bitcoin's short- and medium-term implied volatilities (IV) remain at low levels.