Release of CPI September May See Bitcoin Lowered to $15,000 or Lower

Even though the current trend is not promising, particularly in light of the robust non-farm data and the unfavorable CPI expectations, even BTC has switched from the large area bullish trend to the state of the long-short game, and there is no clear trend, at any point in the bullish and bearish interval switching. Despite the fact that the current trend is ugly, this is the situation.

Providing the most recent news from the sector, analyzing global news stories, and sharing the most current and relevant stock market information (Hawkish rate hike boosts!

Small non-farm employment in September above estimates, OPEC+ reduced output by 2 million barrels per day, numerous Fed officials showed hawkish views, and three key market indices rose, which raised U.S. stock prices

The three main stock indices in the United States all experienced price declines yesterday. When trading ended, the Dow Jones was down 1.15%, the Nasdaq was down 0.68%, and the S&P was down 1.02%.

According to the ECB meeting minutes, inflation was too high and was expected to remain over the Governing Council's target for a considerable amount of time. The majority of participants preferred raising the ECB's benchmark interest rate by 75 basis points. The majority of respondents thought that interest rates would remain "substantially" below neutral, and in July, the median projection for inflation over the next three years was 3%.

Up to this month in 2022, September was the fifth month in which there were more layoffs than the prior year. "The job market is starting to show apparent fractures. Employers announced plans to recruit 338,014 people in September, which is the fewest announcements since 76,551 hires were made in 2011.

The EU has formally approved an eighth set of sanctions against Russia, and they are set to take effect on October 7. The new penalties are expected to include both a restriction on services associated to such shipments as well as a ban on shipments of Russian oil to third nations by sea that are priced higher than the oil price ceiling. Additionally, it is anticipated that Kherson and Zaporozhye will also be subject to the penalties.

In its autumn projection, the German government revised down its estimate of economic growth for 2022 to 1.4% and forecasted that the nation will experience a recession in 2023 with a GDP growth rate of -0.4%.

The likelihood that the Federal Reserve will increase interest rates in November by 50 basis points to a range of 3.50%-3.75% is 31.3%, and the likelihood that they will increase by 75 basis points is 68.7%. 60.6%, with a 15% possibility of a total rate increase of 150 basis points.

Industries' Sectors

Except for the energy sector, which gained 1.78% for the day, every other S&P 10 sector finished in the red: semiconductors, communications, and high-tech all posted losses of 1% or less; raw materials, industrials, health care, financials, and consumer staples all posted losses of 1.5% or less; real estate and utilities both posted losses of 3.28% and 3.3%; and consumer staples finished with a loss of 3.12%.

Other influencing elements include:

1) In order to ensure price stability, the German government intervened as running costs for the German grid have soared by a factor of 250.

2)Citi: The likelihood of a recession is only now starting to be reflected in the markets.

3) The output of oil may be reduced by up to 2 million barrels per day by OPEC and its partners, and the price of oil is still rising.

4) According to President Biden, the US is reviewing its options in the oil market, including the prospect of resuming "hostile" relations with OPEC.

5) Power outages may occur this winter, according to a warning from the National Grid of the United Kingdom.

6)As the likelihood of a recession rises, a Citigroup strategist has said that he prefers technology stocks and US equities.

7) Pension funds in the UK are still selling assets before the quantitative easing program of the Bank of England comes to an end.

In conclusion, it can be said that the risk market is already experiencing a very negative climate.

This is particularly true following a choppy evening, although it is challenging to say that the Nasdaq has already stopped declining.

Information about it was only available on Monday morning after it lost its reference point. The third quarter earnings reports will be issued as the trading week starts on Monday, and the Nasdaq is hopeful that it will be able to restore its composure after a period of consolidation over the weekend.

The situation is therefore expected to worsen starting the next week, making the movement of the risk market even less favorable.

Additionally, the CPI report will be announced on October 13; therefore, even more caution is necessary before that day.

The possibility exists that the risk market has not yet reached its bottom. Additionally, it's dangerous to use a lot of leverage in one direction.

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