🌐 MACRO DIGEST: OCTOBER 17
EU: No surprises from the ECB's 25 cut rate decision. If inflation and PMI data decline in October and November, a 50bps rate cut could come in December. European stocks have already priced in 5 rate cuts by 2024, so earnings season will likely drive markets now.
US: Initial jobless claims for the week ending Oct 12 came in at 241K, lower than the 260K forecast, showing continued strength in the labor market.
#MacroAnalysis #MacroEconomic #EU #US #TrendingTopic

🇺🇸 #MacroEconomic ISM Services (PMI; July): 51.4 (prev: 48.8)

Top Events in the next few days that can affect the crypto market:

Macro:
—U.S GDP on 30 May
—U.S core PCE on 31May

Crypto:
—Ethena to announce a new CEX USDe integrations this week
—Sei v2 on 27 May
—Stargate v2 on 28 May
—Crypto ETPs to start trading on London Stock Exchange on 28 May
—SEC decision deadline for spot Bitcoin ETFs options
—$ETC halving on 31 May
—Consensus event 29-31 May
—Uniswap Voting to implement fee mechanism will go live on 31May

Token Unlocks:
—$OP (2.88%): $80m
—$SUI (2.78%): $73m
—$DYDX (11.91%): $67m
—$ENA (3.62%): $49m
—$1INCH (8.52%): $40m
—$PRIME (4.23%): $32m

#USDollarWarning #Megadrop #altcoins #MicroStrategy #MacroEconomic $USDC