GDP, PCE and NVIDIA Earnings Go Drive Crypto Volatility Dis Week
Dis week crypto market volatility go depend on three major tins: US GDP figures, Personal Consumption Expenditures (PCE) Price Index, plus NVIDIA quarterly earnings report. Investors suppose make dem dey watch Fed speakers, US durable goods orders, consumer confidence data, ECB meeting minutes, and jobless claims for oda signs.
1. Main Economic Indicators: For Thursday, US GDP (expected 3.1%) and PCE inflation data (2.6% annual) fit affect rate outlook. Soft GDP fit make Fed cut rates quick quick, boost risk assets, while high PCE fit cause fear say dem go tighten, make market small sell off short-term.
2. NVIDIA Earnings Impact: Chip maker results for Wednesday often be proxy for tech demand. If result good, risk appetite and crypto price fit go up; if bad, e fit drag market mood down.
3. Fed Speakers and Geopolitics: Wetin Fed officials (Logan, Williams, Barkin) talk during di week go give clues about monetary policy. Surprise tariff news or geo-political matter—especially about Russia—fit make market waka sudden sudden.
Secondary tins include US durable goods orders, consumer confidence, ECB minutes, initial jobless claims, JUP token lock open (1.78% supply release), plus PENGU coin launch. Traders suppose dey ready for more crypto market volatility by checking these data releases and company updates.
Neutral
Di mix wey get some chance to make market rise and some chance to make am fall dey show say e go balance for crypto market. If GDP no reach trend level, e fit make Fed cut rate faster, wey go help risk assets and make market maybe go up. But if PCE inflation high pass wetin people expect or NVIDIA earnings no good, e fit make people fear say dem go tighten policies and e fit stop dem from risking money. Last last, for late 2023, when dem cut rate before, crypto price rise well well; but for Q1 2024, inflation go up make market small-small fall. Traders suppose ready for big price waka waka and make dem react sharp sharp to new data, no siddon wait for clear direction.