This week is not simple, be sure to keep an eye on it.

The movement of the U.S. stock market dictates how the crypto market follows. Policies, earnings reports, employment, and inflation are all tightening at the same time, making Thursday particularly perilous.

The timeline is fully extended, going through each item one by one:

**Monday**
21:30 US November New York Fed Manufacturing Index

**Tuesday**
21:30 US Import Price Index MoM for October
22:15 U.S. October Industrial Production MoM
23:00 US November NAHB Housing Market Index

**Wednesday**
23:30 US EIA Crude Oil Inventories for the week ending November 14

**Thursday (Top Priority)**

03:00 Release of the Federal Reserve FOMC Meeting Minutes
What are you looking at?
• How do officials view the "peak" statement in October?
• December interest rate cut, is there still a chance?
• Are there more signals of easing?

05:00 NVIDIA Q3 earnings report released
Why is it important?
• AI leader, the barometer for technology stocks and risk assets
• The market's skepticism towards the "AI bubble" is growing, and this earnings report will be scrutinized under a magnifying glass.
• The outcome, whether good or bad, directly affects the mood and valuation trends in the coming months.

21:30 US employment data rescheduled:
• September unemployment rate
• September seasonally adjusted non-farm payrolls (big non-farm)
• Initial jobless claims for the week ending November 15

Simultaneously announced: US Philadelphia Fed Manufacturing Index for November

**Friday**

22:45 US November S&P Global Manufacturing PMI Preliminary
U.S. November S&P Global Services PMI Preliminary

23:00 University of Michigan Consumer Sentiment Final Value for November
U.S. November one-year inflation expectations final value

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**Core Logic Summary**

Thursday is a life-and-death game.
Market direction depends on three things:
1. Will the Federal Reserve FOMC minutes continue to release dovish signals?
2. Can NVIDIA's Q3 earnings report support the valuation of the AI sector?
3. Will the revised non-farm payroll and unemployment rate further weaken?

Any unexpected performance may trigger significant fluctuations.

Stay focused on Thursday, don't miss the key moment.