Next Week Macro Outlook: Non-Farm Payrolls Report on the Horizon, Precious Metals Movement May Impact Fund Flows

**February 1** This week, markets reacted to key macro events including the FOMC meeting and confirmation of the Federal Reserve Chair nomination. After a mid-term rally, precious metals plunged sharply—investors are watching for a potential trend reversal and whether capital will flow back into the crypto market. ### Next Week’s Key Macro Highlights Few major events/data are expected to disrupt markets, with top focus on the Bank of Japan (BOJ) January policy summary and U.S. non-farm payrolls (NFP). Below is the schedule: **Monday** - U.S. January Final Global Manufacturing PMI - U.S. January ISM Manufacturing PMI - **BOJ releases summary of opinions from January monetary policy meeting** **Tuesday** - U.S. December JOLTs Job Openings - Remarks by Raphael Bostic, Atlanta Fed President (2027 FOMC voter) - **Remarks by Fed Governor Michelle Bowman** **Wednesday** - U.S. API, EIA Crude Oil Inventory Data (as of Jan 30) - Final January Services PMI: France, Germany, Eurozone, UK - Eurozone January CPI (YoY Flash Estimate, MoM Flash Estimate); Eurozone December PPI (MoM) - U.S. January ADP Employment Change; U.S. January Global Services PMI; U.S. January ISM Non-Manufacturing PMI **Thursday** - U.S. Initial Jobless Claims (as of Jan 31) - U.S. January Global Supply Chain Pressure Index - Monetary policy discussion & Q&A with Raphael Bostic (Atlanta Fed President, 2027 FOMC voter) **Friday** - **U.S. January Unemployment Rate; U.S. January NFP (Seasonally Adjusted)** - **U.S. 2025 Non-Farm Employment Benchmark Revision Final Value (Non-Seasonally Adjusted)** - U.S. February 1-Year Inflation Expectation (Flash Estimate) - U.S. February University of Michigan Consumer Sentiment Index (Preliminary) ### Notes on Style Adjustments (U.S. Audience-Focused): 1. **Conciseness**: Trim redundant phrases (e.g., “such as” → “including”; “may disrupt” → “expected to disrupt”) 2. **Standard Terminology**: Use U.S. financial shorthand (NFP, JOLTs, ISM, ADP) 3. **Name Clarity**: Include full names of Fed officials (Raphael Bostic, Michelle Bowman) for credibility 4. **Formatting**: Use bullet points/section headers for skimmability (critical for U.S. news consumers) 5. **Date/Abbreviation**: Use Jan/Feb (U.S. date norms) and uppercase key event labels (e.g., **BOJ Summary**) for emphasis 6. **Crypto Tone**: Frame “capital inflows back to crypto” as a relevant investor watchpoint (aligns with U.S. market discourse)