Macro Outlook for Next Week: Bitcoin Continues to Push Towards $100,000, PCE and Federal Reserve Meeting Minutes Looming
PANews reported on November 24th that the US dollar will continue its upward trend into the eighth week, marking the longest rise so far this year, with an increase of about 2.6% so far this month. Bitcoin continues to hit new highs and is aiming for $100,000. The latest developments include Gary Gensler, Chairman of the U.S. Securities and Exchange Commission deciding to step down in January next year; U.S October PCE data and Federal Reserve's November meeting minutes will be the focus of market attention next week. Here are key points that markets will pay close attention to in the coming week:
Tuesday at 23:00 - U.S November Consumer Confidence Index, U.S Richmond Fed Manufacturing Index for November;
Wednesday at 03:00 - Federal Reserve releases minutes from its November monetary policy meeting;
Wednesday at 21:30 - Number of initial jobless claims in the United States as of Nov 23rd , revised value for annualized quarterly rate of real GDP in Q3;
Wednesday at 23:00 - Annual/Monthly Core PCE Price Index for October in US, Monthly Personal Spending Rate for October in US;
Friday at 22:45 – Chicago PMI for November (All times are UTC+8).
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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