MARKET COMPASS
Wall Street spot markets, which were closed yesterday, will open today and futures are pointing to a positive opening. In Europe, indices started the day in positive territory, erasing most of their gains, but then managed to start rising again. The defense sector continued to rise on expectations that European governments will increase military spending to support Ukraine. However, the summit between European leaders in Paris ended without any concrete steps for a proposal to send peacekeepers to Ukraine. Meanwhile, US and Russian officials met in Riyadh, Saudi Arabia, to discuss ending the war in Ukraine, leaving both Ukraine and European countries out of the talks.
In digital assets, we continue to see sideways price changes. Except for SOL, which came under more radical pressure with Argentine President Javier Milei’s statements on LIBRA, major cryptocurrencies are not far from their price levels in the last two weeks, although there are fluctuations during this period. We maintain our expectation of sideways-volatile in the short term, slightly pressured in the medium term and bullish in the long term.
Later in the day, President Trump will hold a press conference in Washington DC regarding his recent executive orders and statements from some US Federal Reserve officials will be in the spotlight.
From the short term to the big picture.
Trump’s victory on Novembre 5, one of the main pillars of our bullish expectation for the long-term outlook in digital assets, produced a result in line with our predictions. In the process that followed, the appointments made by the president-elect and the increasing regulatory expectations for the crypto ecosystem in the US, as well as the emergence of BTC as a reserve, continued to take place in our equation as positive variables. Then, 4 days after the new President took over the White House, he signed the “Cryptocurrency Working Unit” decree, which was among his election promises, and we think that the positive reflection of the outputs it will produce in the coming days on digital assets may continue.
On the other hand, the expectations that the FED will continue its interest rate cut cycle, albeit on hiatus for now, and the fact that the volume in crypto-asset ETFs indicates an increase in institutional investor interest, support our upside forecast for the big picture. In the short term, given the nature of the market and pricing behavior, we think it would not be surprising to see occasional pause or pullbacks in digital assets. However, at this point, it is worth underlining again that we think the fundamental dynamics continue to be bullish.
HIGHLIGHTS OF THE DAY
Importanti dati del calendario economico
| Tempo | Notizie | Aspettative | Precedente |
|---|---|---|---|
| 15:20 | FOMC Member Daly Speaks | ||
| 18:00 | FOMC Member Barr Speaks | ||
| Tentative | President Trump Speaks |
INFORMAZIONI
*Il calendario si basa sul fuso orario UTC (Coordinated Universal Time).
Il contenuto del calendario economico sulla pagina corrispondente è ottenuto da fornitori di notizie e dati affidabili. Le notizie contenute nel calendario economico, la data e l'ora dell'annuncio delle notizie, le possibili variazioni delle cifre precedenti, delle aspettative e delle cifre annunciate sono state realizzate dalle istituzioni fornitrici di dati. Darkex non può essere ritenuta responsabile di eventuali cambiamenti che potrebbero derivare da situazioni simili.
AVVISO LEGALE
Le informazioni sugli investimenti, i commenti e le raccomandazioni contenute nel presente documento non costituiscono una consulenza sugli investimenti. I servizi di consulenza sugli investimenti sono forniti individualmente da istituzioni autorizzate che tengono conto delle preferenze di rischio e di rendimento dei singoli individui. I commenti e le raccomandazioni contenuti nel presente documento sono di natura generale. Tali raccomandazioni potrebbero non essere adatte alla vostra situazione finanziaria e alle vostre preferenze di rischio e rendimento. Pertanto, prendere una decisione di investimento basandosi esclusivamente sulle informazioni contenute nel presente documento potrebbe non produrre risultati in linea con le vostre aspettative.
