US macroeconomic data is better than expected and positive for risk asset markets. The key one is the number of open vacancies in the JOLTS labor market (August) - 8.040 million with a forecast of 7.640 million and the previous figure of 7.711 million. At the same time, the Manufacturing PMI (September) is 47.3 with a forecast of 47.0 and the previous figure of 47.9.

The first one speaks about the strength of the labor market. The second one, although it states the weakening of the manufacturing sector. But it is not as strong as expected. We can add here some secondary data - the ISM Manufacturing Price Index (September) - 48.3 with a forecast of 53.5 and the previous indicator of 54.0. This is a weakening of inflationary pressure.

The only thing that is disconcerting is that the ISM Manufacturing Business Activity Index was 47.2 and has been declining for six months in a row. But there is clearly more positivity in the data.

BUT the market had already been pumped up before this data, and from the same States - the news that Iran was allegedly preparing a ballistic missile attack on Israel appeared in media outlets of the level of #Axios,#Bloombergwith reference to an unnamed high-ranking American official.

The#BTCrate after testing the trend from October 2023 (indicated by the dotted line) has not yet been able to recover above the volume level of $62,987. This opens the way for further decline.