[US October Retail Sales Monthly Rate]

Previous value: 0.4% Expected: 0.3% Announced value: Unannounced

Jinshi Data Importance Rating: ★★★★☆

Data Release Time: 21:30, November 15, 2024

The US October retail sales monthly rate announced at 21:30 on November 15 has an important impact on cryptocurrency investors. The following aspects should be noted:

Pay attention to the data expectation gap

Previously, Bank of America economists predicted based on credit card data that October retail sales may be weaker than generally expected, while economists surveyed by the Wall Street Journal expected the data to increase by 0.3%. Investors should pay attention to the difference between the actual published value and the expected value. If the published value is greater than expected, it indicates that the US economy is improving and the consumer market is active, which may strengthen the US dollar and cause the price of cryptocurrencies denominated in US dollars to fall; on the contrary, if the published value is lower than expected, it may weaken the US dollar and the price of cryptocurrencies may rise.

Pay attention to changes in market sentiment

As an important economic indicator, the good or bad of this data will affect the market's expectations of the US economic outlook and investor sentiment. If the data grows beyond expectations, investors' risk appetite will increase, and funds may flow from the cryptocurrency circle to traditional investment areas; if the data is lower than expected, investors may transfer part of their funds to the cryptocurrency circle for risk aversion, pushing up the price of cryptocurrencies.

Pay attention to the trend of the US dollar

The monthly rate of retail sales has a significant impact on the trend of the US dollar, which in turn affects the cryptocurrency circle. If the data is better than expected, the US dollar usually appreciates, the cost of cryptocurrency exchange increases, and the price will fall; if the data is worse than expected, the US dollar tends to depreciate, and the relative value of cryptocurrencies increases, attracting investors to buy and pushing up prices.

Consider the long-term impact

In the long run, economic data such as the monthly rate of US retail sales reflect economic fundamentals. If the data continues to improve, the Federal Reserve may maintain or tighten monetary policy, reduce market liquidity, and be unfavorable to the cryptocurrency circle; if the economic data is not good for a long time, the Federal Reserve may relax monetary policy, increase market liquidity, and provide financial support for the cryptocurrency circle.

Do a good job of risk control

Cryptocurrency investment itself is high-risk. Regardless of the results of the data release, investors should do a good job of risk control. For example, reasonably allocate positions to avoid full-position operations; set stop loss and take profit points to control investment risks;Don't chase ups and downs easily, and maintain a rational investment attitude.