Fed Speeches & Data We Go Make Crypto Market Volatility Increase
Dis week key Fed speeches and economic data go cause wahala for crypto markets. From Monday, Dallas Fed Oga Lorie Logan and New York Fed Oga John Williams go talk about interest rate levels. On Tuesday, FOMC pesin Michelle Bowman go drop more policy clues. Midweek, Richmond Fed person Thomas Barkin go talk twice before Wednesday wey China PBoC Loan Prime Rate decision and US FOMC minutes go drop. On Thursday, South Korea rate decision, US Q2 GDP figures, weekly initial jobless claims plus Fed Governor Christopher Waller talk go dey. Friday go get Jackson Hole Symposium, Fed Chair Jerome Powell keynote plus July Core PCE Price Index – wey Fed like for inflation watch. Crypto traders suppose keep eye for dollar strength, global liquidity and risk appetite signals for short-term price waka. Better risk management plus correct stop-loss order fit help make sense of crypto market wahala and find better trade chance.
Neutral
Da mix of Fed speeches and key economic releases dis week go likely make crypto market volatility high but e no get clear direction. Early weeks talk and data for inflation, interest rates and global money fit make people feel anyhow. If dey get strong jobless claim or PCE dey rise, e fit make crypto price drop. But if GDP or inflation soft, e fit make demand rise. Short-term trading fit see price jump wella for each announcement, so overall e mean say people dey neutral. Traders suppose focus on risk management and quick response to policy signs, no gatz expect long lasting bullish or bearish trend.