Weekly Report of the Week
Last week review:
I. Important events
1. Trump's allies proposed: sell some of the Fed's gold in exchange for 1 million bitcoins.
2. Bitcoin continued to hit record highs.
3. Attorneys General of 18 U.S. states jointly filed a lawsuit, accusing the U.S. SEC of overstepping its authority to regulate cryptocurrencies at the state level.
4. Trump: Musk's D.O.G.E. will provide advice from outside the government and issue a work report.
5. Powell: The Fed does not need to rush to cut interest rates.
II. Important data
1. The annual rate of the US unadjusted CPI in October. Previous value: 2.4% Forecast value: 2.6% Announced value: 2.6%
2. The monthly rate of the US seasonally adjusted CPI in October. Previous value: 0.2% Forecast value: 0.2% Published value: 0.2%
3. Number of initial jobless claims in the United States for the week ending November 9 (10,000 people) Previous value: 22.1 Forecast value: 22.3 Published value: 21.7
4. Monthly rate of retail sales in the United States in October. Previous value: 0.8% Forecast value: 0.3% Published value: 0.4%
III. Net inflow/outflow data statistics of BTC and ETH (ETF)
BTC (ETF) had a net inflow of US$1.79 billion last week.
ETH (ETF) had a net inflow of US$516 million last week.
This week’s focus:
1. Nvidia’s Q3 financial report will be released at 22:30 on November 20.
2. The number of initial jobless claims in the United States for the week ending November 16 will be released at 21:30 on November 21.
3. The final value of the University of Michigan Consumer Confidence Index for November will be announced at 23:00 on November 22.
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