Market Compass
Global Trade Uncertainties…
Donald Trump’s tariffs agenda continues to occupy global markets after his visit to the US Federal Reserve yesterday. The President continued to press for lower interest rates and expressed his discomfort over the budget spent on the renovation of the FED building.
- Uncertainties over the implementation of the trade deal between the US and Japan and concerns over whether an agreement with the European Union (EU) can be reached are acting as a decisive dynamic as a factor suppressing risk appetite today.
- European stock markets are on a selloff and Wall Street futures are flat. During the day with BTC future contracts expiring, we may see volatility in digital assets increase from time to time. However, we think that the reaction rallies following the recent losses in major digital assets may not be very lively. ETH has the potential to achieve some positive divergence with the effect of spot ETF inflows.
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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.
US Bitcoin Futures Expiration: Options expirations are written on futures contacts with the same expiration date and usually expires on the last Friday of the current month. Trading volume and price volatility may increase in the days leading up to the expiry of these contracts.
Highlight of the Day
Important Economic Calender Data
| Time | News | Expectation | Previous |
|---|---|---|---|
| — | Venom (VENOM) 59.26MM Token Unlock | — | — |
| 12:30 | US Core Durable Goods Orders (MoM) (Jun) | 0.1% | 0.5% |
| 12:30 | US Durable Goods Orders (MoM) (Jun) | -10.7% | 16.4% |
| 15:00 | US Bitcoin Futures Expiration | — | — |
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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