The market is in line with expectations. The streamer has been discussing the market trends, combining news and technical analysis in the live channel for over ten days now. It is advisable to go long rather than short. The overall trend is rising, and the fall is to create room for upward movement. It is better to miss out than to enter blindly. The specifics will be explained in the live channel tonight.
October 1 Macro Main Line: US government shutdown, the ADP non-farm data might be the only employment data this week, will gold/#Bitcoin rise? October is the month for gold, everyone pay attention to mid- to long-term layout, normal live stream tonight. The current macro narrative is that the U.S. government has basically confirmed a shutdown, but the impact of the shutdown on the economy and financial markets is still uncertain, including the duration of the shutdown and its effects on subsequent macro data and macro interest rate policies. We need to wait to see how things unfold after the time in the U.S. Furthermore, if the government shutdown cannot be resolved before Friday, all official macro data for this week will be paused, making the only data available for observation this week the non-farm payroll data. However, the non-farm payroll data may have a relatively low weight on the market impact. In the global market, in terms of safe-haven assets, US Treasury prices have slightly retreated, while gold continues to rise. Interestingly, dollar assets, namely the US dollar and Treasury prices, are falling, while non-dollar assets such as gold and BTC are rising. If this situation continues, things may be more serious than I imagined. I originally thought that the U.S. government shutdown would weaken the market's confidence in the U.S. government only after a period of ongoing fermentation, but now it seems that the government shutdown has started right away. The decline in information from the US government naturally weakens the purchasing power of dollar assets, leading to pressure on dollar assets. At this time, de-dollarized assets become the target of short-term capital pursuit. The current situation in the US stock market before trading is not optimistic. If the US stock market opens tonight and continues to fall, but gold and BTC along with other cryptocurrencies continue to rise, then it basically confirms that the current environment is favorable for moving away from dollar assets. BTC ETH SOL DOGE
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The market is in line with expectations. The streamer has been discussing the market trends, combining news and technical analysis in the live channel for over ten days now. It is advisable to go long rather than short. The overall trend is rising, and the fall is to create room for upward movement. It is better to miss out than to enter blindly. The specifics will be explained in the live channel tonight.
October 1 Macro Main Line: US government shutdown, the ADP non-farm data might be the only employment data this week, will gold/#Bitcoin rise? October is the month for gold, everyone pay attention to mid- to long-term layout, normal live stream tonight.
The current macro narrative is that the U.S. government has basically confirmed a shutdown, but the impact of the shutdown on the economy and financial markets is still uncertain, including the duration of the shutdown and its effects on subsequent macro data and macro interest rate policies. We need to wait to see how things unfold after the time in the U.S. Furthermore, if the government shutdown cannot be resolved before Friday, all official macro data for this week will be paused, making the only data available for observation this week the non-farm payroll data. However, the non-farm payroll data may have a relatively low weight on the market impact.
In the global market, in terms of safe-haven assets, US Treasury prices have slightly retreated, while gold continues to rise. Interestingly, dollar assets, namely the US dollar and Treasury prices, are falling, while non-dollar assets such as gold and BTC are rising.
If this situation continues, things may be more serious than I imagined. I originally thought that the U.S. government shutdown would weaken the market's confidence in the U.S. government only after a period of ongoing fermentation, but now it seems that the government shutdown has started right away.
The decline in information from the US government naturally weakens the purchasing power of dollar assets, leading to pressure on dollar assets. At this time, de-dollarized assets become the target of short-term capital pursuit.
The current situation in the US stock market before trading is not optimistic. If the US stock market opens tonight and continues to fall, but gold and BTC along with other cryptocurrencies continue to rise, then it basically confirms that the current environment is favorable for moving away from dollar assets.
BTC ETH SOL DOGE