Market Compass
Waiting for New News
- Following the postponed high tariffs between the US and China, the lack of negative news flow regarding Europe’s negotiations with the US had eased concerns about trade wars. We can say that this mood has persisted for now, but the markets seem to be waiting for factors that could create a new catalyst.
- Today, the minutes of the US Federal Reserve’s (FED) last meeting will be released and may provide new information about the interest rate cut course. On the other hand, investors will closely monitor Nvidia’s quarterly financial statements and it is worth noting that it is a development that may have an impact on the dose of risk appetite.
- US macro indicators released yesterday were better than expected. In particular, we find the rise in consumer confidence, driven by the easing of tensions between the US and China, remarkable. For digital currencies, we consider Trump Media’s announcement that it plans to create a Bitcoin reserve of 2.5 billion dollars as an important dynamic.
- We think that the upward trend in major digital assets can be maintained, albeit weak, with the effect of the positive climate for the short term. Evening FOMC meeting minutes and Nvidia’s balance sheet may be effective on the direction. For the medium and long term, as we mentioned below, we maintain our expectation that the direction is up again.
FOMC Meeting Minutes
The US Federal Reserve (FED) holds eight Federal Open Market Committee (FOMC) meetings each year and publishes the minutes three weeks after each meeting. As a detailed document of the FOMC meeting, they allow us to see what economic and financial factors were at play when voting to set interest rates and can provide clues about the FED’s next move. While a more “hawkish” stance than expected may put pressure on digital asset prices, minutes with relatively “dovish” messages may support gains.
Digital Compass
In the US, the locomotive of the world economy, we consider the strategic crypto reserve, which started with Trump’s nomination process, as a very important development. However, we have already seen that the markets had already priced in the “best case scenario” before and after the US elections and that 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. Taking into account the latest developments on a global scale, we maintain our bullish expectation for the medium and long term.
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 |
|---|---|---|---|
| Day 2 | Bitcoin 2025 Las Vegas | – | – |
| Bio Protocol (BIO) 339.08MM Token Unlock | – | – | |
| LayerZero (ZRO) OneSig Introduction | – | – | |
| 14:00 | Richmond Manufacturing Index | -9 | -13 |
| 18:00 | FOMC Meeting Minutes | – | – |
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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