Major Escalation from Russia's Attack-Market Reaction Crucial Against CPI Data Release

Dow futures dropped 0.07%, Nasdaq 100 futures dropped 0.24%, and S&P 500 futures dropped 0.15%. The terrible news just kept on piling up one after the other.

The most recent report on non-farm payrolls has shattered market expectations of a policy move from the Federal Reserve, which has caused US stocks to suffer through their most difficult stretch in more than a decade.

 Investors are concentrating their attention on the impact that the Federal Reserve's CPI rapid rate hikes will have on the economy, the impact that high inflation and growing labor costs will have on company profitability, and the expectations that corporations have for the upcoming quarter.

Multiple explosions were reported to have taken place in the Shevchenko neighborhood of downtown Kiev on the 10th of October, local time, according to the mayor of the Ukrainian capital city of Kiev, Krychko, who tweeted the news on his official social media accounts.

As the conflict between Russia and Ukraine escalates, market participants are becoming increasingly concerned that the Federal Reserve will maintain its aggressive monetary policy initiatives.

In the meantime, the United States' tightening of export restrictions connected to chips directed against China also affected market sentiment.

The futures contracts for the three most important US market indices all ended higher, with the exception of the Nasdaq futures, which finished about one percent lower. The market's attention is currently focused on the quarterly earnings reports that will begin to be released this week. On Friday, JPMorgan Chase, Morgan Stanley, and Wells Fargo are all scheduled to announce their results before the opening bell.

From the beginning of this week through the end of the month, all eyes will be on the earnings reports for the third quarter of 2022. When will the dropping of US stock prices stop?

Wall Street to experience one wave before another?

The Consumer Price Index figures are back in this week's Fed minutes.

Wall Street traders, still smarting from the fall that occurred the previous week, will undoubtedly face a number of new challenges this week. 

On Wednesday, the Federal Reserve will publish the minutes from its September rate meeting, on Thursday, the United States government will publish its crucial September consumer price index report, and on Friday, large US banks will begin the earnings season, which is expected to be dominated by disappointing results.

With the exception of the most recent few trading days, technology stocks have had a miserable couple of months. As things stand, we are about to enter the critically important earnings season for the third quarter. 

How well technology stocks are expected to perform throughout the forthcoming earnings season will also affect both the indices and Bitcoin 

BTC 

There was a discernible movement below the $19,000 support zone this evening , which resulted in an increase in the amount of pressure on the bulls. 

At long last, the price fell below the previous high of $19,000 and reached a low of $18,890 during trading. The price is currently consolidating its losses close to the pivot level of $19,000.

The price of bitcoin is currently trading at a level that is below $19,500 as well as the 100 hourly simple moving average. On the hourly chart of the BTC/USD pair, a connecting bearish trend line is forming with resistance near $19,360. This bearish trend line is also present.

Near the level of $19,210 is where buyers and bulls will encounter their first obstacle. It is very close to the 23.6% Fib retracement level of the recent drop that began at the swing high of $19,640 and ended at the low of $18,890. The area around $19,360 and the trend line provide the next significant area of resistance.

The trend line is relatively near to the 50% Fib retracement level of the most recent drop that began at the swing high of $19,640 and ended at the low of $18,890. In the event that the price breaks decisively above the trend line, it may head for the resistance level of $19,500 or the 100 hourly simple moving average.

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