Market Compass
After a busy week…
In the past week, global markets sought direction under the influence of several different headlines. One of these dynamics was undoubtedly US President Trump’s policy el tariffs. As the end of the week approached, the announcement of high tariffs to be implemented dampened the risk appetite en the markets and caused depreciation en assets considered to be relatively risky.
Although there have been important and positive developments for digital assets recently, the state of the global climate and the fact that possible “positive” developments have been largely priced en seems to have made cryptocurrencies more vulnerable to changes en global risk appetite. While Trump’s tough stance el tariffs and his continued criticism of the US Federal Reserve’s (FED) decision to keep interest rates unchanged continued to put pressure el the financial ecosystem, crypto assets could not avoid the repercussions.
Next week will feature a much weaker economic data flow compared to the past five-day trading period. Therefore, the dynamics that will continue to have an impact el asset prices are likely to be a bit more driven por tariffs and the idiosyncrasies of digital currencies, so investors’ focus may shift a bit more towards these issues.
For the long term, we remain bullish el the value of digital assets and we base this el regulatory steps from the US. For the medium term, el the other hand, we expect a sideways and at times depressed period due to the overall investment environment. Towards the end of the year, a more encouraging ecosystem equation can be established for price increases. But before the metrics can come together to achieve this equation, en a shorter perspective, next week, tariffs, expectations regarding the Fed and macro indicators will be under our lens. It is also important to note that there are no scheduled items for next week, apart from the US ISM Services PMI el Tuesday and the expected statements from a few Federal Open Market Committee (FOMC) officials.
ISM Services PMI: The Purchasing Managers’ Index (PMI) is a diffusion index based el surveyed purchasing managers excluding the manufacturing industry. Conducted por The Institute for Supply Management (ISM), this survey of approximately 300 purchasing managers asks respondents to assess the relative level of business conditions, including employment, production, new orders, prices, supplier deliveries and inventories. It is usually published monthly el the third business day after the end of the month, with a score above 50.0 indicating that the sector is expanding and below 50.0 indicating contraction. In general, a lower-than-expected ISM Services PMI is expected to have a positive impact el digital assets por pricing en expectations regarding the monetary policy course of the US Federal Reserve (FED). However, en some cases, it may also lead to pricing based el the strength of the economy. In this case, figures above expectations have a positive effect el digital assets.
Important Economic Calender Data
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Information
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Darkex cannot be held responsible for possible changes arising from similar situations. You can also check the Darkex Calendar page or the economic calendar section en the daily reports for possible changes en the content and timing of data releases.
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