Last week's US earnings season performance was outstanding — the US Q3 GDP growth far exceeded market expectations. Once this data was released, it was a positive signal for risk assets. At the same time, core PCE inflation arrived as expected, not providing any surprises, but also not exerting pressure to rise beyond expectations, basically in line with forecasts. On the other hand, the minutes from the Bank of Japan's October meeting revealed an increasing possibility of rate hikes, indicating that the global central bank policy stance is quietly shifting.
As we enter this week, the real focus is on the upcoming Federal Reserve monetary policy meeting minutes — this document usually reflects the decision-makers' in-depth assessment of the current economic situation. Additionally, the new Chair of the Federal Reserve may be announced this week, which will have a significant impact on the future direction of US financial policy. These two events will have considerable influence on market expectations, especially regarding the short-term trends of mainstream cryptocurrencies like Bitcoin and Ethereum.
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GasWastingMaximalist
· 12h ago
It's the same story again. When good GDP data comes out, they say it's positive for risk assets, then suddenly the Federal Reserve minutes come out and cause a sell-off. Anyway, whatever they say, it's all right.
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DataChief
· 12h ago
I'm following the new Federal Reserve chair nomination, which is more important than the meeting minutes.
How long the good GDP data can support is still uncertain; it mainly depends on the new chair's attitude.
There are movements from the Bank of Japan, and we can't sit still either; the whole world is adjusting its pace.
It's another week of watching for results, and Bitcoin is ready to take off at any time. This week definitely needs to be monitored intensively.
PCE not exceeding expectations is the best news, at least there's no need to worry about being hit hard.
If the new chair is not chosen correctly, this wave of positive news might backfire; it's really uncertain.
What are the central banks brewing? It feels like a major event is coming.
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FUDwatcher
· 12h ago
The Federal Reserve minutes and the new chair appointment are both happening simultaneously, so we really need to keep a close eye on this week. The GDP exceeding expectations is definitely a positive sign, but I'm more concerned about whether the minutes will reveal any new signals... Bitcoin's recent movement will likely depend on the Federal Reserve's stance.
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WalletWhisperer
· 12h ago
ngl the fed minutes are gonna expose something about their real inflation calculus... whale wallets already positioning before the announcement drops
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SchrodingerWallet
· 12h ago
Damn, waiting for the Fed notes again, always teasing us like this
GDP explosion, PCE honest, this time there's really no problem, just wait and see what new tricks the new Fed Chair pulls
Is the Bank of Japan also going to raise interest rates? The whole world is getting restless
Bitcoin might be manipulated again by these data this week
I'll hide for a while before the minutes are released, too easy to get hammered
Everyone says it's good news, but I always feel there's a trap behind it
With the new Chair taking office, the crypto world will have to reshuffle the cards again
Wait, is this another prelude to a wave of cutting leeks?
The Fed's tricks are all played out, so boring
If I get mentally prepared, I might have a racing heart this week
Last week's US earnings season performance was outstanding — the US Q3 GDP growth far exceeded market expectations. Once this data was released, it was a positive signal for risk assets. At the same time, core PCE inflation arrived as expected, not providing any surprises, but also not exerting pressure to rise beyond expectations, basically in line with forecasts. On the other hand, the minutes from the Bank of Japan's October meeting revealed an increasing possibility of rate hikes, indicating that the global central bank policy stance is quietly shifting.
As we enter this week, the real focus is on the upcoming Federal Reserve monetary policy meeting minutes — this document usually reflects the decision-makers' in-depth assessment of the current economic situation. Additionally, the new Chair of the Federal Reserve may be announced this week, which will have a significant impact on the future direction of US financial policy. These two events will have considerable influence on market expectations, especially regarding the short-term trends of mainstream cryptocurrencies like Bitcoin and Ethereum.