Week 46

Welcome to the weekly UpCrypto Trading Newsletter.

Powell speaking, CPI expected to rise again and important earnings week.

What does week 46 bring?

Monday, November 11:

- Bond Markets Closed 🇺🇸 - Bond markets are closed on Monday in observance of Veterans Day, while major stock markets remain open.

- Earnings Reports 📝 - Monday.com and Aramark are set to release their quarterly earnings, providing insights into their performance as markets resume activity after the holiday.

Tuesday, November 12:

- NFIB Small Business Optimism Index (October) 📈 - Expected to come in at 92.0, giving insights into the confidence levels of small businesses regarding the current economic landscape.

- Remarks from Fed Presidents 🎙️ - Neel Kashkari and Patrick Harker will comment on current economic conditions, potentially addressing the recent Federal Reserve rate cuts.

- Earnings Reports 📝 - Quarterly reports from Home Depot, AstraZeneca, Shopify, and others could significantly impact the consumer and healthcare sectors.

Wednesday, November 13:

- Consumer Price Index (CPI) 📊 - The CPI for October is expected to rise by 0.2%, increasing the annual inflation rate from 2.4% to 2.5%, which is a key measure for evaluating inflationary pressures.

- Fed Officials' Remarks 🗣️ - Lorie Logan and other Fed members will offer insights into monetary policy, particularly following recent rate adjustments.

- Earnings Reports 📝 - Cisco and Tower Semiconductor are expected to report, which could influence the performance outlook in the technology sector.

Thursday, November 14:

- Initial Jobless Claims 📉 - Expected at 225,000, this is a crucial indicator for assessing labor market conditions. It will be closely watched, especially amidst evolving economic policies.

- Producer Price Index (PPI) for October 🏭 - Anticipated to rise by 0.2%, providing insights into the cost pressures faced by producers.

- Jerome Powell’s Remarks 🎙️ - The Federal Reserve Chair will discuss the economic outlook, which could provide important clues about future rate policies.

- Earnings Reports 📝 - Walt Disney, JD.com, and several other companies are set to release their quarterly earnings, potentially triggering market volatility.

Friday, November 15:

- Import/Export Price Index for October 📦 - A decrease of -0.1% is expected, offering insights into the price trends of imports and exports.

- Retail Sales (October) 🛍️ - Expected to increase by 0.3%, indicating steady consumer demand. This data is crucial as it is the last major indicator before the official holiday sales season.

- Empire State Manufacturing Survey & Industrial Production 🏭 - Production is expected to fall by -0.2%, while the Empire Survey remains stable, suggesting stagnation in industrial activity.

- Earnings Reports 📝 - Alibaba and Spectrum Brands will release their earnings, providing valuable insights into the consumer goods and tech sectors.

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Here's to a successful week, and stay tuned for more weekly outlooks on the crypto and financial markets.

Best regards,
your UpCrypto Trading Team!

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