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Analyst: This week there are important data on non-farm payrolls and unemployment rates, at the same time, ETFs and US stocks related to cryptocurrency are also worth paying more attention to.

Analyst: This week there are important data on non-farm payrolls and unemployment rates, at the same time, ETFs and US stocks related to cryptocurrency are also worth paying more attention to.

Bitget2024/12/01 17:42

Bitget news, Adam, a macro analyst at Greeks.live, tweeted that this week's major events are coming up (12/2-12/8). After Thanksgiving, the power of the United States is about to recover. If ETFs maintain their inflow trend, $100k could be broken through before the end of the year. This week there are important data on non-farm payrolls and unemployment rate; meanwhile ETFs and US stocks related to encryption are also worth paying more attention to. Major events this week:
12/2 Monday
The Federal Reserve announces minutes from November monetary policy meeting (23:00)
US ISM Manufacturing PMI for November
12/4 Wednesday 
US ADP employment numbers for November (21:15)
12/5 Thursday
Federal Reserve releases Beige Book on economic conditions (03:00) 
Number of initial jobless claims in the US for current week (21:30)
12/6 Friday
US Unemployment Rate for November (21:30)
Non-Farm Payroll Employment in US for November (21:30)

Crypto market outlook: Bitcoin has been adjusting around $100k for several days now; Ethereum took over last week with a significant rebound while altcoins all rose in rotation as Meme gradually faded out. A new high is imminent for Ethereum with strong market capital inflows making bulls very dominant during spot bull markets.

The options market is relatively stable with block trades and market interest rates worth noting. Currently main term IVs are at relatively low levels which makes it good timing to set up some medium-to-long-term cost-effective positions given that bullish trends are currently strong - it's a good opportunity to buy options.

As far as crypto interest rate markets go, Bitfinex's interest rate market has recently been relatively stable so suitable interest rate orders can be actively traded especially when there's action going on - these times deserve special attention.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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