MARKET COMPASS
Wall Street indices, which managed to advance to record highs despite the message from yesterday’s minutes of the US Federal Reserve’s (FED) last Federal Open Market Committee (FOMC) meeting that officials will not rush to cut interest rates again and Trump’s ongoing tariff threats, are expected to start the day in negative territory today. While US investors are seen to take more risks into account, retail giant Walmart’s weaker-than-expected fiscal year 2026 guidance is among the factors contributing to the retreat. In Europe, where investors are closely following the developments in the trade war and the situation in Ukraine, major indices are positive except for the UK. Incoming company balance sheets are also closely monitored on the continent.
We can say that digital assets remain relatively resilient in this complex global ecosystem. Statements from FOMC officials will be followed later in the day. We maintain our expectation for crypto assets to be horizontal-volatile in the short term, slightly pressured in the medium term and bullish in the long term.
From the short term to the big picture…
Trump’s victory on November 5, one of the main pillars of our bullish expectation for the long-term outlook in digital assets, produced a result in line with our predictions. In the process that followed, the appointments made by the president-elect and the increasing regulatory expectations for the crypto ecosystem in the US, as well as the emergence of BTC as a reserve, continued to take place in our equation as positive variables. Then, 4 days after the new President took over the White House, he signed the “Cryptocurrency Working Unit” decree, which was among his election promises, and we think that the positive reflection of the outputs it will produce in the coming days on digital assets may continue.
On the other hand, the expectations that the FED will continue its interest rate cut cycle, albeit on hiatus for now, and the fact that the volume in crypto-asset ETFs indicates an increase in institutional investor interest, support our upside forecast for the big picture. In the short term, given the nature of the market and pricing behavior, we think it would not be surprising to see occasional pause or pullbacks in digital assets. However, at this point, it is worth underlining again that we think the fundamental dynamics continue to be bullish.
HIGHLIGHTS OF THE DAY
Important Economic Calender Data
| Time (ET) | News | Expectation | Previous |
|---|---|---|---|
| 8:35 AM | FOMC Member Goolsbee Speaks | ||
| 11:30 AM | FOMC Member Jefferson Speaks | ||
| 2:30 PM | FOMC Member Barr Speaks | ||
| 5:00 PM | 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.
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