Key Economic Events And Crypto Market Outlook For Early October

According to Odaily, Greeks.live macro researcher Adam has highlighted significant events for the week of September 30 to October 6. The most crucial macroeconomic data this week includes the unemployment rate and non-farm payroll data scheduled for release on Friday. Compared to the currently thriving A-share market, the U.S. stock market appears less impressive. However, the cryptocurrency market is more closely linked to the U.S. stock market. The only connection between A-shares and cryptocurrencies might be that some investors are cashing out to invest in stocks, which has driven down the fiat price of USDT. Market confidence has somewhat recovered, and the market is still in a bottoming phase. Key events for this week include: - Monday, September 30: U.S. President Biden's speech at 23:00 (UTC+8) - Tuesday, October 1: Federal Reserve Chairman Powell's speech at the National Association for Business Economics at 02:00 (UTC+8) and the U.S. September ISM Manufacturing PMI at 22:00 (UTC+8) - Wednesday, October 2: U.S. September ADP Employment Change at 20:15 (UTC+8) - Thursday, October 3: U.S. Initial Jobless Claims for the week at 20:30 (UTC+8) - Friday, October 4: U.S. September Unemployment Rate at 20:30 (UTC+8) and U.S. September Non-Farm Payrolls at 20:30 (UTC+8) The cryptocurrency market is entering a volatile phase as the quarterly settlement concludes. Major term implied volatility remains at a low level, and there is still significant downward pressure this week. Historically, October tends to be a favorable month for the market.