US Markets Closed for Holiday; China Reserves, Eurozone GDP Due

The holiday closure in the US creates a quieter liquidity backdrop, which can amplify moves in thinner markets like crypto if data surprises. China's reserves and eurozone GDP are the focal points—reserve changes could signal policy shifts or capital flow pressure, while final GDP may confirm or dent the bloc's resilience. For RWA and crypto traders, the eurozone's growth picture matters for risk appetite and the dollar's strength, which historically correlates with crypto sentiment. The open question is whether the data reinforces current macro narratives or triggers a repricing before US desks return.