1. US Economic Data
This week is full of influential economic reports, most notably; labor market reports:
Job vacancies report on Tuesday.
Non-farm payrolls data on Wednesday.
Friday's payrolls and unemployment report, which highlights the strength of the US labor market.
Consumer sentiment indicators:
The University of Michigan Consumer Confidence Index on Friday, which reflects consumers' expectations about the economy and inflation.
This data is crucial ahead of the Federal Reserve meeting on January 29 and could determine the direction of the market.
2. Stock Market and China Implications
As the Q4 2024 earnings season gets underway, results from major companies could impact overall market sentiment.
In addition, the repercussions of the Chinese real estate crisis continue to have indirect effects on global markets, raising concerns that it will spread to broader sectors.
3. Bitcoin and Ethereum Performance
#البيتكوين continued its rise, hitting $99,000 on Monday morning, its highest level in ten days, with a weekly gain of 7.5%.
#الايثيريوم followed the same trend, hitting $3,670, the highest price since December.
This positive performance, coupled with the stability of #العملات_البديلة , indicates that the market momentum will continue during the week.