Big Week for Crypto Holders
A ton of major events are hitting the market at once, which could spark a lot of volatility.
1) US-Iran Talks
Today, Iran proposed a new deal to open the Strait of Hormuz and end the war.
President Trump is set to hold a meeting today to discuss the negotiations.
Any signs of US-Iran talks resuming would be a solid bullish signal for the market.
2) Central Bank Decision
On Tuesday, the Bank of Japan will announce its interest rate decision.
The market expects a pause on rate hikes, so forward guidance is key.
Inflation in Japan has started to rise since the blockade of the Strait of Hormuz.
Any signs of tightening from the central bank could lead to early action from sellers.
If the central bank believes inflation will be temporary, we might see a significant pump in the market.
3) Fed Decision
On Wednesday, the Federal Reserve will announce its interest rate decision, likely pausing rate hikes.
The key focus will be on Powell's press conference, since inflation has surged since the last Fed meeting.
Additionally, this could very well be Powell's last FOMC meeting as Fed Chair.
4) Earnings Reports
Microsoft, Amazon, Meta, Alphabet, and Apple will release their earnings this week.
These five companies account for over 25% of the entire S&P 500 index, which is a big deal.
If they report strong earnings, it’ll signal that consumers are still spending and the economy is in good shape.
If they report weak earnings, it could hit the stock market and the crypto market hard.
5) ISM PMI
On Friday, the US ISM PMI data for April will be released.
The ISM PMI data for the last three months has been above 52, which signals economic expansion.
If we see this kind of data again, it will show that despite the war, the US economy isn’t slowing down.
Historically, if ISM PMI stays above 52 for a long time, it leads to parabolic gains in the crypto market.
Conclusion
This week is packed with major data, meaning volatility could be extreme.
Avoid using leverage and keep my notifications on for real-time updates.
A ton of major events are hitting the market at once, which could spark a lot of volatility.
1) US-Iran Talks
Today, Iran proposed a new deal to open the Strait of Hormuz and end the war.
President Trump is set to hold a meeting today to discuss the negotiations.
Any signs of US-Iran talks resuming would be a solid bullish signal for the market.
2) Central Bank Decision
On Tuesday, the Bank of Japan will announce its interest rate decision.
The market expects a pause on rate hikes, so forward guidance is key.
Inflation in Japan has started to rise since the blockade of the Strait of Hormuz.
Any signs of tightening from the central bank could lead to early action from sellers.
If the central bank believes inflation will be temporary, we might see a significant pump in the market.
3) Fed Decision
On Wednesday, the Federal Reserve will announce its interest rate decision, likely pausing rate hikes.
The key focus will be on Powell's press conference, since inflation has surged since the last Fed meeting.
Additionally, this could very well be Powell's last FOMC meeting as Fed Chair.
4) Earnings Reports
Microsoft, Amazon, Meta, Alphabet, and Apple will release their earnings this week.
These five companies account for over 25% of the entire S&P 500 index, which is a big deal.
If they report strong earnings, it’ll signal that consumers are still spending and the economy is in good shape.
If they report weak earnings, it could hit the stock market and the crypto market hard.
5) ISM PMI
On Friday, the US ISM PMI data for April will be released.
The ISM PMI data for the last three months has been above 52, which signals economic expansion.
If we see this kind of data again, it will show that despite the war, the US economy isn’t slowing down.
Historically, if ISM PMI stays above 52 for a long time, it leads to parabolic gains in the crypto market.
Conclusion
This week is packed with major data, meaning volatility could be extreme.
Avoid using leverage and keep my notifications on for real-time updates.