Note: A BIG week for macro.❕

1 - PCE inflation (Dec. 1)
2 - NFP employment (Dec. 2)
3 - CPI inflation (Dec. 13)

Powell also speaks on Nov. 30

This year, JOLTS and the NFP have become more closely watched data points. (dec-2)

Several Fed speakers have cited the high level of vacancies as indicative of an unusually tight labor market.An easing in its headline Payrolls and average hourly earnings are key requirements for any dovish policy pivot.
Evidence on the inflation outlook will come via the PCE deflator. (dec-1)

Markets are hoping headline PCE falls below 6.0% for the first time in 12 months.

Meanwhile, if the ISM slips below the 50 mark (which separates expansion from contraction), expect more 2023 recession talk. (dec-1)

Markets now see a 50 basis point increase as having a 76% probability (up from 60% a month ago) for the December 14th meeting. If Powell disagrees, then Wednesday’s speech gives him the opportunity to push back.

Huge volatility is coming at the end of the year. Be careful!

This week has seen more gains in the cryptocurrency markets. However, the question must be asked whether the markets will continue to see further bullishness following the expected elevated NFP (non-farm payrolls) numbers to be released. Three of the sectors covered had the highest market returns. Storage: 45%; Options: 35% Metaverse was up 31%, and Defi/Governance ended the week with 16% returns.

Biggest Movers from last 7days

Matic has seen $929k in net flows in the last 24 hours. Matic is up 8% this week while funds keep sending tokens to exchanges.

Winter-mute sent 1 million $Matic tokens to Binance Exchange eight hours ago; they typically sell matic local tops.

Another unknown wallet deposited 13.49 million $MATIC tokens to Coinbase almost 22 hours ago.

tx-link

Also note: Coinbase and Binance's last 24-hour trading total volume was around $114 million, so it won't be hard to sell those million-dollar Matic tokens.

Lastly
Today is expecting an NFP number slightly above consensus; it won't change current trends, but it may be a good catalyst to trigger some profit-taking pullbacks into the weekly close in (DXY).

In terms of macro view, yesterday's PCE came in slightly below consensus, and when combined with Powell's cautious tone earlier this week, we clearly see the FED slowing the size of their hikes and adopting a more cautious approach g, which will keep yields soft, Crypto, Stocks high, and the dollar weak in the short term.

will do pdf version nxt time 🙏🏻

Banks NFP Estimates ⚡️

Societe Generale ~ 270K
Lloyds ~ 240K
Barclays ~ 175K
JPMorgan ~ 150K
BNP Paribas ~ 210K
Credit Suisse ~ 225K
UBS ~ 200K
Morgan Stanley ~ 180K
Unicredit ~ 200K
Wells Fargo ~ 205K
ING ~ 220K
Citigroup ~ 225K
HSBC 210K
Nomura 180K
Commerzbank ~ 200K
Standard Chartered ~ 180K
TD Securities ~ 240K
Daiwa CM ~ 200K
Goldman Sachs ~ 175K
Natwest ~ 250K

US Change In Nonfarm Payrolls Nov: 263K (est 200K; prevR 284K) ⚠️

Around $111 million worth of 1-inch tokens unlocked on December 1 (unlocks were scheduled for December 30). I added some data and on-chain activity displays to show where we are and what's happening. Long/Short opperunity.

Many people are waiting for the December 30 date for 1-inch token unlocks, but the unlocks are already taking place and have been confirmed by the team.

The data available on the token unlocks app is incorrect.
🔖

confirmed by 1inch support : https://mobile.twitter.com/1inchSupport/status/1599809683858296834

#Wintermute (Binance Deposit)
Received: 46,071.41 #1INCH ($21,569.12) From 0xa9d1...d3e43
#ethereum TxDetails Tweet

#Wintermute (Binance Deposit)
Transferred: 224,901.13 #1INCH ($105,333.02) To Binance
#ethereum TxDetails Tweet

Zoom out and look at the longer term DXY weekly chart. We are back to the break out level and the 50 week moving average is right here. Imagine it bounces from here $

NASDAQ remains stuck in a range. The latest reversal occurred right on the 100 day moving average and the negative trend line. This area is now reinforced as an extra strong resistance. Short term support around here, 11600. The big support is down at range lows