🔔 This week's focus in the financial markets: How will future trends affect cryptocurrencies? 📉💡
Recent economic data reflects a decrease in investors' bets on the Federal Reserve's easing policies, which directly impacts the performance of traditional markets: the Dow Jones fell by 1.82%, the S&P 500 dropped by 0.64%, while the Nasdaq rose slightly by 0.34%. Meanwhile, Bitcoin has risen for seven consecutive weeks, marking the longest winning streak since 2021! 🚀
As the last major monetary policy week of 2024 approaches, the market will pay closer attention to the actions of major central banks, especially the decisions of the Federal Reserve and the European Central Bank.
📅 Key events:
Monday 15:30: European Central Bank President Lagarde speaks
Tuesday 04:45: Bank of Canada Governor Macklem speaks
Thursday 03:00: Federal Reserve releases interest rate decision and economic outlook summary
Thursday 03:30: Federal Reserve Chairman Powell holds a monetary policy press conference
Thursday 21:30: Important economic data including the revised U.S. Q3 GDP and preliminary personal consumption expenditures
🔥 Particularly noteworthy is that the preferred PCE (Personal Consumption Expenditures Price Index) of the Federal Reserve will be released on Friday. Forecasts indicate that the November PCE core index may only rise by 0.2%, the smallest increase in three months! This suggests that economic resilience remains strong and may provide a better performance foundation for Bitcoin.
🔮 Conclusion: The current uncertainty in the global economy and monetary policy presents opportunities for the cryptocurrency market. The performance of Bitcoin relies on the volatility of traditional markets and signals from Federal Reserve policies. For investors, understanding macroeconomic trends and paying attention to central bank decisions may be key to profiting! ⚡💰
