4E: This week, U.S. economic data is relatively calm, with corporate earnings reports being the main focus

ChainCatcher news, last week the U.S. September CPI and PPI data were released one after another, sending somewhat mixed signals to the market. However, the overall data reflects that inflationary pressures still exist, and a 25 basis point rate cut by the Federal Reserve next month has almost become a certainty.

According to 4E monitoring, last Friday's unexpectedly flat PPI data led to a collective rise in the three major U.S. stock indices, with both the Dow Jones and S&P 500 indices hitting intraday all-time highs. Last week, the Dow rose 1.21%, the S&P 500 gained 1.11%, and the Nasdaq increased by 1.13%, marking the fifth consecutive week of gains for all three indices. The cryptocurrency market followed the rise in U.S. stocks, with Bitcoin climbing back above $62,000, closing at $62,659, with a weekly decline narrowing to 1.82%. Ethereum was reported at $2,455, with a weekly decline narrowing to 1.47%.

In the forex commodities sector, the U.S. dollar index continued to rebound last week, rising 0.4%, leading to declines in most non-U.S. currencies. Affected by the escalating tensions in the Middle East, international oil prices rose for the second consecutive week, with U.S. oil gaining 1.6% over the week and Brent oil rising 1.3%. The fluctuating dollar also drove spot gold further towards its historical high, with a slight increase over the week; COMEX gold futures were reported at $2,674.2 per ounce, with a cumulative increase of 0.04% for the week.

This week, U.S. economic data is relatively calm, and corporate earnings reports may become a bigger focus. As the new earnings season kicks off, U.S. stocks may face tests. Recently, the most dangerous news for the cryptocurrency market is the possibility of the U.S. government selling 69,000 Bitcoins (approximately $4.2 billion). Additionally, with only a few weeks until the U.S. elections, the tight election situation adds a lot of uncertainty to the market.

eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and forex. Recently, it launched a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.