QCP Capital stated that tonight's Consumer Price Index (CPI) and tomorrow's Producer Price Index (PPI) data will be key risk events for this week. The cryptocurrency market has not shown optimistic sentiment, possibly influenced by the Silk Road Bitcoin sell-off and PlusToken Ethereum sell-off news. Despite the rise in U.S. stock indices, QCP Capital remains optimistic about the upward trend in October as long as the key support levels hold.

Odaily Planet Daily News: QCP Capital stated in a recent article that the minutes from the Federal Reserve meeting yesterday revealed a more hawkish stance, raising doubts about the Fed's success in combating inflation. Combined with strong employment data last Friday, market expectations for a 25 basis point rate cut in November have increased from 67.9% last week to 83.7%. Tonight's Consumer Price Index (CPI) and tomorrow's Producer Price Index (PPI) data will be key risk events for this week. In addition, the financial reports of major banks such as JPMorgan Chase (JPM) and Wells Fargo (WFC) are crucial for assessing the strength of the US economy in the context of cooling inflation. Despite the rise in US stock market indices last night, with the S&P 500 hitting a new high, the cryptocurrency market did not show the same optimism, as selling pressure reemerged possibly due to news of Bitcoin selling from the Silk Road and Ethereum selling from PlusToken. As long as the key support level of 60,000 holds, we remain optimistic about "Uptober" (the October uptrend). Considering the market's expectation of further rate cuts in the future, we prefer to lock in profits at these depressed spot levels and prepare for an end-of-year rally. {"translated": "QCP Capital stated in a recent article that the minutes from the Federal Reserve meeting yesterday revealed a more hawkish stance, raising doubts about the Fed's success in combating inflation. Combined with strong employment data last Friday, market expectations for a 25 basis point rate cut in November have increased from 67.9% last week to 83.7%. Tonight's Consumer Price Index (CPI) and tomorrow's Producer Price Index (PPI) data will be key risk events for this week. In addition, the financial reports of major banks such as JPMorgan Chase (JPM) and Wells Fargo (WFC) are crucial for assessing the strength of the US economy in the context of cooling inflation. Despite the rise in US stock market indices last night, with the S&P 500 hitting a new high, the cryptocurrency market did not show the same optimism, as selling pressure reemerged possibly due to news of Bitcoin selling from the Silk Road and Ethereum selling from PlusToken. As long as the key support level of 60,000 holds, we remain optimistic about "Uptober" (the October uptrend). Considering the market's expectation of further rate cuts in the future, we prefer to lock in profits at these depressed spot levels and prepare for an end-of-year rally.", "status": "success"}

QCP Capital: The CPI data released tonight and the PPI data tomorrow will be the key risk events of the week, and we remain optimistic about the market outlook for October.