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 on tariffs. As the end of the week approached, the announcement of high tariffs to be implemented dampened the risk appetite in the markets and caused depreciation in 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 in seems to have made cryptocurrencies more vulnerable to changes in global risk appetite. While Trump’s tough stance on tariffs and his continued criticism of the US Federal Reserve’s (FED) decision to keep interest rates unchanged continued to put pressure on 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 on asset prices are likely to be a bit more driven by 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 on the value of digital assets and we base this on regulatory steps from the US. For the medium term, on 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, in 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 on 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 on surveyed purchasing managers excluding the manufacturing industry. Conducted by 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 on 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 on digital assets by pricing in expectations regarding the monetary policy course of the US Federal Reserve (FED). However, in some cases, it may also lead to pricing based on the strength of the economy. In this case, figures above expectations have a positive effect on digital assets.
Important Economic Calender Data
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Information
*The calendar is based on UTC (Coordinated Universal Time) time zone. The calendar content on the relevant page is obtained from reliable data providers. The news in the 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 arising from similar situations. You can also check the Darkex Calendar page or the economic calendar section in the daily reports for possible changes in the content and timing of data releases.
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