According to BlockBeats, Adam, a researcher at Greeks.live, highlighted on social media that this week is significant for macroeconomic events. The focus will be on Friday's non-farm payroll data and unemployment rate, which are the last major economic indicators before the upcoming election. Notably, Federal Reserve officials have minimal speaking engagements scheduled for this week. Although market attention towards the election is lower than expected, the election still carries substantial uncertainty, with the implied volatility (IV) of election cycle options remaining robust.
Key events for the week include:
On Wednesday, October 30:
- U.S. October ADP Employment Change (20:15 UTC+8)
- U.S. Q3 GDP Annualized Growth Rate Preliminary (20:30 UTC+8)
On Thursday, October 31:
- Bank of Japan Interest Rate Decision and Outlook Report
- U.S. September Core PCE Price Index (20:30 UTC+8)
- U.S. Weekly Initial Jobless Claims (20:30 UTC+8)
On Friday, November 1:
- U.S. October Unemployment Rate (20:30 UTC+8)
- U.S. October Non-Farm Payrolls (20:30 UTC+8)
- U.S. October ISM Manufacturing PMI (22:00 UTC+8)
- Apple Inc. Earnings Report
In the cryptocurrency market, the performance has been lackluster this week. Bitcoin's attempt to reach new highs failed, and other cryptocurrencies experienced significant declines. The U.S. election appears to have little impact on the crypto market at this point. Currently, Bitcoin's short to medium-term IV is relatively low, generally below 40%, but it rises to 60% during the election week, marking the election as the only notable trading opportunity in the near term.
Regarding the crypto interest rate market, Bitfinex's interest rate market has been relatively stable recently, with occasional high-interest orders reaching 20%. It is advisable to actively engage in suitable interest rate orders, especially during market movements.
