Markets in Standby Mode
- Following yesterday’s US Consumer Price Index (CPI) figures for June, markets will watch the Producer Price Index (PPI) data today. These indicators, which are closely monitored to assess the effects of President Trump’s high tariffs on macro variables, will be under scrutiny again to get clues about the interest rate cut course of the Federal Reserve (FED).
- Major cryptocurrencies gained value despite the global appreciation of the dollar after the CPI data and the US digital assets bill stalled in the House of Representatives.
- Institutional investor interest and, against all odds, positive expectations for regulation of crypto assets in the US continue to keep demand buoyant. The House debate on the GENIUS Act is likely to be important for the direction of prices, alongside macro indicators such as PPI. In addition, potential news flows on tariffs and expectations regarding the timing of the FED’s interest rate cut will remain under scrutiny.
- We expect a conservative positive sentiment for major digital assets for the rest of the day. Volatility may increase slightly during US trading and PPI data.
For a detailed review of our twice-daily technical analysis report and the latest developments in digital assets click here.
Producer Price Index (PPI), The PPI, which shows changes in the prices of finished goods and services sold by producers, is published monthly, approximately 13 days after the end of the month. It is a leading indicator of consumer inflation. When producers demand higher prices for goods and services, higher costs are generally passed on to consumers. The Core PPI measures changes in the prices of finished goods and services sold by producers, excluding food and energy. PPI data below forecasts are generally expected to have a positive impact on cryptocurrencies.
The Beige Book is one of the three books of the Federal Open Market Committee (FOMC), along with the Green Book and the Blue Book, which provide information on how interest rate decisions may change, and only the Beige Book is made public. Its impact on markets is generally limited and it is published eight times a year, two weeks before the FOMC meetings. It reflects information provided by the 12 Federal Reserve banks on local economic conditions in the country, and the messages from it may provide clues for the next interest rate decision by the US Federal Reserve.
Highlight of the Day
Important Economic Calender Data
Time | News / Event | Expectation | Previous |
---|---|---|---|
— | Web3 Summit (Berlin, Germany) | — | |
— | India Blockchain Tour Kolkata 2025 (Kolkata, India) | — | |
— | Arbitrum (ARB) 92.65MM Token Unlock | — | |
12:30 | US Core PPI (MoM) (Jun) | 0.2% | 0.1% |
12:30 | US PPI (MoM) (Jun) | 0.2% | 0.1% |
13:15 | FOMC Member Hammack Speaks | — | |
14:00 | FOMC Member Barr Speaks | — | |
18:00 | FOMC Beige Book | — | |
20:30 | FOMC Member Williams 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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