According to @WatcherGuru, the US trade deficit has fallen to the lowest level since 2020, indicating a narrower gap between exports and imports (source: @WatcherGuru). A narrower deficit mechanically adds to net exports and contributes positively to real GDP under NIPA accounting, which can firm US Treasury yields and the US dollar in the near term (source: Bureau of Economic Analysis). A stronger USD and higher real yields have historically coincided with headwinds for BTC and ETH due to periods of negative correlation with DXY and dollar liquidity proxies (source: Kaiko Research; Coin Metrics). Crypto performance also tends to soften when USD financial conditions tighten, while export-driven improvements in trade can support risk sentiment if they lift growth without materially tightening liquidity (source: Federal Reserve Financial Stability Reports; BIS Quarterly Review). Traders should monitor the official US International Trade in Goods and Services release for detail on whether the improvement stems from export strength or import weakness, as the driver has different implications for risk appetite and crypto flows (source: U.S. Census Bureau and BEA).

According to @StockMKTNewz, the Federal Reserve’s Summary of Economic Projections (SEP) will be released at 2PM ET alongside the FOMC rate decision. source: @StockMKTNewz According to @StockMKTNewz, the SEP outlines the Fed’s current expectations for interest rates, GDP, inflation, and other metrics for the end of next year and further out. source: @StockMKTNewz According to @StockMKTNewz, the alert was issued about 40 minutes before the scheduled release, flagging the timing for market participants. source: @StockMKTNewz

According to @KobeissiLetter, this short holiday week clusters 10 key US macro events: September PPI (Tuesday), September Retail Sales (Tuesday), November Conference Board Consumer Confidence (Tuesday), October Pending Home Sales (Tuesday), US Q3 2025 GDP (Wednesday), September Durable Goods Orders (Wednesday), September PCE inflation (Wednesday), September New Home Sales (Wednesday), US markets closed for Thanksgiving (Thursday), and a 1 pm ET early close (Friday), source: The Kobeissi Letter. According to @KobeissiLetter, the Thursday closure and Friday early close compress event risk into Tuesday and Wednesday, a schedule crypto traders can use to plan liquidity and volatility management around headline inflation and growth prints, source: The Kobeissi Letter.