MARKET COMPASS
Global Markets Agenda
- Coming back from the Easter break, global markets are watching developments on trade wars, economic growth outlook and the independence of the US Federal Reserve (FED).
- President Trump’s pressure on Fed Chairman Powell on interest rate cuts continues. Trump argued that Powell has always been late to cut interest rates except for election periods and reiterated that the FED should cut interest rates as soon as possible.
- On the other hand, tariff tensions between the US and China are closely monitored. While China warned other countries about possible agreements with the US that could be contrary to China’s interests, the Japanese Prime Minister stated that they will not give in to all US demands.
- In addition to the main headlines above, whether a ceasefire can be reached between Ukraine and Russia is also being closely monitored. Trump hinted that an agreement between the two countries could be reached this week. Ukrainian President Volodymyr Zelensky will discuss a ceasefire with Western countries in London tomorrow.
- The IMF and World Bank meetings, which will continue in Washington until April 26, may be important to get clues about how the latest global developments are evaluated.
- Wall Street, which lost value yesterday with the outflow from US assets, is positive today on the futures side. European stock markets are mixed.
- As the crypto world waited for Paul Atkins to be sworn in as SEC Chairman today, BTC spot ETFs followed the inflows. Among the major digital assets, BTC stood out for its bullishness. In the rest of the day, we think that the upward movement may continue in a relatively calmer tone.
Digital Compass
We consider it a very important development that a strategic crypto reserve is on the agenda in the US, the locomotive of the world economy. However, the fact that the markets had already priced in the “best case scenario” before and after the US elections, combined with the “less than perfect” news on this issue, put pressure on digital assets. We continue to keep the strategic reserve issue in our equation as a positive variable for cryptocurrencies in the long run. On the other hand, we think that we may continue to see pressure in the medium term with the lack of a new news flow that will create enthusiasm in the crypto market and further concerns that global economic activity may slow down in global markets, especially with Trump’s tariffs. In the short term, markets will continue to be sensitive to macro indicators and tariff developments.
For a detailed review of our twice-daily technical analysis report and the latest developments in digital assets click here.
HIGHLIGHTS OF THE DAY
Important Economic Calender Data
| Time | News | Expectation | Previous |
|---|---|---|---|
| – | Metars Genesis (MRS): 10 Million Token Unlock | – | – |
| – | Axie Infinity (AXS): Axie Accessory Migration | – | – |
| – | Hedera (HBAR): Testnet Upgrade | – | – |
| – | Polkadot (DOT): AMA Event | – | – |
| Day 2 | IMF Meetings | – | – |
| 13:00 | FOMC Member Jefferson Speaks | – | – |
| 13:30 | FOMC Member Harker Speaks | – | – |
| 17:40 | FOMC Member Kashkari Speaks | – | – |
| 22:00 | FOMC Member Kugler Speaks | – | – |
INFORMATION
*The calendar is based on UTC (Coordinated Universal Time) time zone.
The economic calendar content on the relevant page is obtained from reliable news and data providers. The news in the economic calendar content, the date and time of the announcement of the news, possible changes in the previous, expectations and announced figures are made by the data provider institutions. Darkex cannot be held responsible for possible changes that may arise from similar situations.
DARKEX RESEARCH DEPARTMENT CURRENT STUDIES
Darkex Monthly Strategy Report – April
Digital Collecting, Regulation and Opensea’s Request
The Digital Asset Fund Revolution: Trump Media’s “Made in America” ETF Move
Tether’s Journey to Success: From Crypto World to Global Financial Leader
The US Bitcoin Bill of Rights for 2025: Economic Transformation with a Digital Reserve Strategy
USD1 Stablecoin: Trump Family Entering Crypto Power Plays
Click here for all our other Market Pulse reports.
Legal Notice
The investment information, comments and recommendations contained in this document do not constitute investment advisory services. Investment advisory services are provided by authorized institutions on a personal basis, taking into account the risk and return preferences of individuals. The comments and recommendations contained in this document are of a general type. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained in this document may not result in results that are in line with your expectations.
