Market Compass
Pension Fund Regulation, Tariffs and Fed Pricing…
- While developments regarding tariffs remained on the agenda in global markets, US President Trump announced that an additional 25% tariff will be imposed on India due to its continued oil imports from Russia. Meanwhile, President Trump may meet with Russian leader Putin in the coming days.
- Meanwhile, Trump’s tariffs, which investors have been focusing on as the most important topic on the market agenda for months, came into effect.
- The second critical topic, the US Federal Reserve’s (FED) interest rate cut course, continues to be decisive for asset prices. Speaking at various events yesterday, Federal Open Market Committee (FOMC) officials expressed concerns about the labor market after the latest data and signaled that a rate cut may be possible in September.
- On the European continent, the news that Germany is planning to create an investment fund of EUR 100 billion targeting the protection of critical sectors stands out.
- Following the Asia-Pacific indices, which managed to remain positive despite Trump’s plan to impose 100% tariffs on chip imports, there is a general rise in European stock markets this morning. Wall Street futures are trading slightly plus.
- Major digital assets, which made gains in the European session, declined slightly during US trading yesterday. However, the news that Trump will approve legislation that will allow pension funds (401(K)) to invest in alternative investment vehicles contributed greatly to the value gains of cryptocurrencies.
- This issue has been in the press before, and the news that it will be implemented in the near future has had a positive impact. We consider this a very important development for the adoption of crypto assets. In addition, while we argue that there is space above for the uptrend to continue, we think that attention should be paid to pullbacks for intraday transactions. Due to the nature of the market, unemployment claims data, FOMC official Bostic (neutral, non-voting) and President Trump’s expected speech will be important for these price changes.
For a detailed review of our twice-daily technical analysis report and the latest developments in digital assets click here.
Highlight of the Day
Important Economic Calender Data
| Time | News | Expectation | Previous |
|---|---|---|---|
| – | Cardano (ADA) Rare Dev & Governance Day in Las Vegas | – | – |
| 12:30 | US Initial Jobless Claims | 222K | 218K |
| 14:00 | FOMC Member Bostic Speaks | – | – |
| 20:00 | President Trump 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.
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.
