October is full of ups and downs:
On October 4, the much-anticipated non-farm payrolls and unemployment data will be released. Non-farm payrolls data that are lower than expected are often seen as positive, and a lower unemployment rate also sends a positive signal; otherwise, it may bring market fluctuations.
On October 10, the US CPI data will be released. If, as Powell said, the CPI drops to 2.2%, it will undoubtedly boost market confidence and pave the way for subsequent interest rate cut expectations; otherwise, it may cause market concerns.
On October 17, the retail sales growth data should not be underestimated either, as it directly reflects the vitality and trends of the consumer market.
On October 18, Japan's CPI data will also be released to the public. If the data is high, the possibility of the Bank of Japan raising interest rates will increase significantly.
On October 30, the US GDP data will be released. If its growth rate exceeds 3%, it indicates that the economic situation is improving; at the same time, if the PCE data rises, the possibility of a rate cut may decrease.
The Bank of Japan announced the normalization of interest rates, and the probability of a rate hike has increased accordingly, so the market needs to pay close attention.
In addition, the turbulence in the Middle East and the fluctuations in oil prices are also important factors affecting the market, and we need to remain vigilant at all times.
