BRÚJULA DE MERCADO
Tariffs – Government Expenditures
Two of the key dynamics driving asset prices in global markets have come to the fore in recent days. The first one is, of course, President Trump’s decisions on tariffs. Donald Trump recently announced that automakers will be exempted from the tariffs imposed on Canada and Mexico for one month. However, this decision is far from providing a complete relief to the markets by reducing the risk of a trade war.
Another noteworthy issue is government spending, particularly by the German government. After the CDU/CSU, which emerged victorious from the elections, and the Social Democratic Party, which is expected to form a coalition, agreed to loosen the country’s strict borrowing rules, expectations for increased government spending in Europe’s largest economy are getting stronger. As a result, German bonds have been selling off sharply and yields have been rising. In fact, this is the biggest sell-off in German government bonds since the months following the fall of the Berlin Wall. The parties have proposed a €500 billion off-budget fund to finance infrastructure projects over the next decade. This stimulus is expected to provide a much-needed boost to Germany’s struggling economy. The sell-off in German bonds seems to be spreading to other pro-spending countries around the world. On the other hand, the European Central Bank (ECB) is expected to cut interest rates today.
Digital World
While the stock market and the bond market have been in a downturn around the world, digital assets have been among the asset classes that have been negatively affected by the sharp turns in risk appetite. However, we can say that the flow of news and expectations specific to the ecosystem itself has had a slightly greater impact on the value of cryptocurrencies in the last two days.
In our previous analyses, we said that we think that an important threshold has been crossed after Trump’s detailed social media post about Strategic Crypto Reserves. This statement is a candidate to eliminate the lack of a catalyst. In addition, eyes for digital assets have turned to the Crypto Summit to be held tomorrow at the White House. Expectations are rising that the President may provide important information about the crypto reserve at this event. If we talk about the short-term process ahead, we can state that the dynamics that will determine the direction of the price will be shaped by the topics to be discussed at this event.
The Big Picture
For a long time, in our analysis for digital assets, we have been expressing the following view; “we expect volatility in the short term, pressure in the medium term and bullishness in the long term.” The uncertainty created by Trump in the political environment, especially with the tariff tool, and the roadmap he followed on Ukraine were an important dynamic. However, we can state that the lack of catalyst for the undeniable rise of digital assets has largely ended with the President’s latest crypto asset assessment. Therefore, by adjusting the weighting in our equation, despite the uncertainties that still exist, we change our overall view to “bullish with intermediate corrections“. At this point, it is worth noting that although the first statement on the reserve issue, which the crypto ecosystem is eagerly awaiting, it is necessary to continue to closely monitor political, geopolitical and macro dynamics.
LO MÁS DESTACADO DEL DÍA
Datos importantes del calendario económico
| Tiempo | Noticias | Expectativa | Anterior |
|---|---|---|---|
| 19:20 | Discurso de Williams, miembro del FOMC |
INFORMACIÓN
*El calendario se basa en el huso horario UTC (Tiempo Universal Coordinado).
El contenido del calendario económico de la página correspondiente se obtiene de proveedores de noticias y datos fiables. Las noticias del contenido del calendario económico, la fecha y hora del anuncio de la noticia, los posibles cambios en las cifras anteriores, las expectativas y las cifras anunciadas son realizadas por las instituciones proveedoras de datos. Darkex no se hace responsable de los posibles cambios que puedan surgir de situaciones similares.
DEPARTAMENTO DE INVESTIGACIÓN DARKEX ESTUDIOS EN CURSO
Informe mensual de estrategia de Darkex - Marzo
Análisis semanal de BTC Onchain
Análisis semanal de ETH Onchain
Farcaster’s Rise with Brian Quintenz and the Revival of SocialFi
The Combination of Ethereum Staking and ETFs: A New Era for Investors?
Impact of Tether’s Possible Bitcoin Sale on Crypto Markets Under the US Stable and Genius Acts
Why Tether Chose the Arbitrum Infrastructure Network for Stablecoin USDT0?
Haga clic aquí para consultar el resto de nuestros informes Market Pulse.
AVISO LEGAL
La información sobre inversiones, los comentarios y las recomendaciones que figuran en este documento no constituyen servicios de asesoramiento en materia de inversiones. Los servicios de asesoramiento en materia de inversión son prestados por instituciones autorizadas con carácter personal, teniendo en cuenta las preferencias de riesgo y rentabilidad de los particulares. Los comentarios y recomendaciones contenidos en este documento son de tipo general. Estas recomendaciones pueden no ser adecuadas para su situación financiera y sus preferencias de riesgo y rentabilidad. Por lo tanto, tomar una decisión de inversión basándose únicamente en la información contenida en este documento puede no dar lugar a resultados acordes con sus expectativas.