MARKET COMPASS
US Macro Indicators Awaited
- The news that Trump may announce his nominee for the next US Federal Reserve Chair after Powell at an early date caused the dollar to depreciate and strengthened expectations that the Fed may act faster on interest rate cuts.
- US officials are reportedly planning to meet with the Iranian delegation next week and the ceasefire appears to be holding at the moment following recent violations.
- Meanwhile, the Fed is rumored to be considering some easing on capital adequacy, which could increase the amount of lending by big banks and this could be a positive catalyst for risky assets. It is also on the agenda that Bitcoin may be included in the collateral requirements for mortgage loans in the US.
- Eyes will be on a series of macro indicators to be released for the US economy today. The country’s economy is expected to contract by 0.2% in the first quarter of the year, in line with the last forecast. In addition, durable goods orders, weekly jobless claims and statements from FOMC officials will be under scrutiny.
In the short term for major digital assets, we think it is likely to see more sideways price changes after recent gains. For the medium to long term, we have partially changed our “upside view” to “sideways” for the medium term and we maintain this stance. The main determinant of this expectation is our expectation that revived geopolitical risks will remain on the agenda of the markets for a while despite recent developments. In the longer term, we see no reason to change our bullish outlook.
For a detailed review of our twice-daily technical analysis report and the latest developments in digital assets click here.
US Durable Goods Orders shows the change in the total value of new purchase orders placed with manufacturers for durable goods. This data is usually revised with the Factory Orders report released about a week later and “Durable Goods” are defined as products that last longer than 3 years, such as automobiles, computers, appliances and airplanes. It is a leading indicator of production and gives a preliminary indication of the vitality of the economy. Core Durable Goods Orders shows the change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items. This dataset has been shown to have complex effects on the value of digital assets.
Highlights Of the Day
Important Economic Calender Data
| Time | News | Expectation | Previous |
|---|---|---|---|
| 🌍 Istanbul Blockchain Week – Istanbul, Turkey | |||
| 🌍 WEBIT Sofia 2025 – Sofia, Bulgaria | |||
| 🚀 Blast (BLAST) – 10.5B Token Unlock | |||
| 12:30 | US Final GDP (QoQ) (Q1) | -0.2% | -0.2% |
| 12:30 | US Initial Jobless Claims | 243K | 245K |
| 12:30 | US Core Durable Goods Orders (MoM) (May) | 0.0% | 0.2% |
| 12:30 | US Durable Goods Orders (MoM) (May) | 8.5% | -6.3% |
| 12:30 | US GDP Price Index (QoQ) (Q1) | 3.7% | 3.7% |
| 12:30 | FOMC Member Goolsbee Speaks | — | |
| 12:45 | FOMC Member Barkin Speaks | — | |
| 12:45 | FOMC Member Daly Speaks | — | |
| 13:00 | FOMC Member Hammack Speaks | — | |
| 14:00 | US Pending Home Sales (MoM) (May) | 0.1% | -6.3% |
| 17:15 | FOMC Member Barr 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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