November 22nd. During this week, risk assets faced an extremely tough period, with the US stock market under great pressure. Interestingly, although NVIDIA announced strong earnings and its CEO made optimistic remarks, this was unable to bring about a turnaround in the negative trend. The situation in the cryptocurrency market was even worse. This week, Bitcoin dropped by 18%, marking its most significant weekly decline since mid-November 2022. Here are the key points that the market will focus on in the upcoming week (all times in Beijing time): Tuesday 21:30, US September Retail Sales MoM, US September PPI; Wednesday 9:00, Reserve Bank of New Zealand Interest Rate Decision; Wednesday 21:30, US Initial Jobless Claims for the week ending November 22nd; Thursday 03:00, Fed Beige Book; Thursday TBD, Bank of Korea Interest Rate Decision; Friday, New York Fed’s current president Williams will give a speech. Jefferson’s views hold potential information as his opinions usually closely align with those of Fed Chair Powell. Since joining the Fed three years ago, Jefferson’s votes have consistently been in line with Powell’s. It is worth noting that due to Thursday being the US Thanksgiving holiday and Friday’s early market closure for “Black Friday,” the trading days next week will be shortened, resulting in significantly reduced market liquidity. (FXStreet)
