Bitcoin plunges under $98,000; >$1B in longs liquidated · CoinDesk Why Bitcoin, XRP, Solana, and Ether slide as gold and silver soar · CoinDesk Dollar headed for weekly loss as investors await US data backlog · Reuters Stocks crumble as hopes fade for imminent Fed rate cut · Reuters Gold rises, poised for weekly gain on softer dollar · Reuters Bitcoin ETF Outflows Hit $1.2B Even as Wall Street Deepens Its Crypto Bets · CoinDesk Asia Morning Briefing: Bitcoin Rebounds as Polymarket Traders Bet U.S. Shutdown Will End Within Days · CoinDesk Asia refining margins soar as sanctions threaten Russian supplies · Reuters Investors anticipate new wave of Argentine reforms after Milei's midterm victory · Reuters End of Fed QT may offer Treasury convenient buffer · Reuters Stock Market Today: Dow, S&P Live Updates for Oct. 28 · Bloomberg Ceconomy, takeover target of JD.com, says it will exceed annual profit forecast · Reuters

Markets in Focus: Outlook for the Week of September 29 – October 3

The upcoming trading week promises high volatility, driven by a variety of key economic data, central bank signals, and geopolitical factors. Particular attention will be on the U.S. labor market and developments in the energy sector.

📊 Macro Data in Focus

  • US Real Estate MarketPending Home Sales (Monday) and the S&P/Case-Shiller Home Price Index (Tuesday) provide insights into the stability of the housing sector.
  • Labor MarketWednesday: ADP Nonfarm Employment – Thursday: Jobless Claims – Friday: Nonfarm Payrolls, Unemployment Rate, and Wage Growth.
  • Sentiment & ActivityTuesday: CB Consumer Confidence – Wednesday: ISM Manufacturing PMI – Friday: Services PMI.

🏦 Central Banks

Several FOMC members (including Waller, Williams, and Bostic) will speak next week and could provide important signals regarding the future path of interest rates. In addition, the release of the Fed’s balance sheet on Thursday will offer insights into the liquidity situation.

🛢️ Energy & Inflation

With the upcoming OPEC meeting and the weekly oil inventory data, energy prices are moving into focus. They remain a key factor for inflation expectations and, consequently, for monetary policy.

📈 Stock Markets

Earnings season does not kick off until October, so macro and commodity data will set the tone for now. Energy stocks are reacting strongly to OPEC signals, while tech and growth stocks remain particularly sensitive to interest rate and labor market data. Friday is likely to be the decisive day for market sentiment with the release of the Nonfarm Payrolls.

₿ Crypto Markets

Bitcoin and other cryptocurrencies also remain tied to macro triggers. Weaker labor market data could support risk appetite, while stronger data would drive the dollar and yields higher, creating headwinds for crypto. The OPEC meeting indirectly impacts the crypto markets as well, through its influence on inflation expectations.

Summary

The week of September 29 – October 3 will be heavily data-driven. In particular, Friday’s Nonfarm Payrolls are likely to set the tone for stocks, the dollar, and crypto. Investors should brace for significant market moves.

Related Posts