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QCP Asia: Market Awaits Friday CPI Data, US Government Shutdown Stabilizes Macro Sentiment
Summary: According to QCP Asia's market report on October 22, due to the US government shutdown freezing most official data releases, this week the market's focus is entirely on Friday's CPI data, which is the only economic indicator the Fed can refer to before restarting policy statements. The report indicates that if CPI only rises by ...
According to QCP Asia's market report on October 22, due to the US government shutdown freezing most official data releases, this week the market's focus is entirely on Friday's CPI data, which is the only economic indicator the Fed can refer to before restarting policy statements. The report indicates that if CPI only rises by 0.2% month-on-month, it will help reinforce expectations of a 'soft landing' and support the upward trend of Bitcoin. Meanwhile, gold prices recorded their largest single-day decline since 2020 due to a stronger US dollar, while Bitcoin briefly touched $114,000 before falling back.
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Link: QCP Asia: Market Awaits Friday CPI Data, US Government Shutdown Stabilizes Macro Sentiment [Copy]
