There are several economic data releases worth watching today that could impact market sentiment:
At 3 PM, the Ministry of Commerce will hold a regular press conference, so pay attention to any statements related to trade. At 4 PM, Switzerland will release November unemployment data. While it's not a core indicator, it still provides insight into Europe's employment situation.
The main focus comes in the evening— At 6 PM, Eurozone retail sales data for October will be released, directly reflecting consumer strength. At 8:30 PM, both US November layoff data and initial jobless claims will be published. The Fed has been closely monitoring the labor market lately, so these two numbers could trigger market swings.
At 11 PM, there’s also the Global Supply Chain Pressure Index, and logistics costs have been fluctuating a lot recently. Additionally, at 11:30 PM, natural gas inventory data will be updated, so changes in energy prices are also worth noting.
While these macro data points don't directly impact the crypto space, they often drive short-term sentiment in the crypto market before and after the US stock market opens. For those trading swings, pay attention to risk management.
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LeverageAddict
· 8h ago
It's another day of data bombardment. The Fed folks are really watching closely, just waiting for employment data to dump the market.
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SundayDegen
· 12-09 20:59
Another day of data bombardment—those folks at the Federal Reserve just can’t sit still.
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Deconstructionist
· 12-09 20:35
Another day of data bombardment—just keep an eye on the market, everyone.
There are several economic data releases worth watching today that could impact market sentiment:
At 3 PM, the Ministry of Commerce will hold a regular press conference, so pay attention to any statements related to trade. At 4 PM, Switzerland will release November unemployment data. While it's not a core indicator, it still provides insight into Europe's employment situation.
The main focus comes in the evening—
At 6 PM, Eurozone retail sales data for October will be released, directly reflecting consumer strength. At 8:30 PM, both US November layoff data and initial jobless claims will be published. The Fed has been closely monitoring the labor market lately, so these two numbers could trigger market swings.
At 11 PM, there’s also the Global Supply Chain Pressure Index, and logistics costs have been fluctuating a lot recently. Additionally, at 11:30 PM, natural gas inventory data will be updated, so changes in energy prices are also worth noting.
While these macro data points don't directly impact the crypto space, they often drive short-term sentiment in the crypto market before and after the US stock market opens. For those trading swings, pay attention to risk management.