PANews, May 10, Bitcoin has returned above $100,000 this week, Wall Street showed caution by the end of the trading day this week, U.S. stocks and bonds experienced volatility as the world’s two major economies prepared to initiate trade talks, with investors avoiding higher-risk bets. Market optimism continued to pressure gold prices, which cumulatively fell nearly 4% on Wednesday and Thursday, but rebounded on Friday, with a cumulative rise of 2.64% last week. Here are the key points the market will focus on in the new week:
Monday 22:25, Federal Reserve Governor Cook delivers a speech;
Tuesday 20:30, U.S. April unadjusted CPI year-on-year / seasonally adjusted CPI month-on-month / seasonally adjusted core CPI month-on-month / unadjusted core CPI year-on-year;
Thursday 05:40, 2027 FOMC voting member, San Francisco Fed President Daly participates in a fireside chat;
Thursday 20:30, U.S. April retail sales month-on-month, U.S. April PPI year-on-year/month-on-month, U.S. May New York Fed/Philadelphia Fed manufacturing index;
Thursday 20:40, Federal Reserve Chairman Powell delivers opening remarks at an event;
Thursday, the Federal Reserve holds the second Thomas Laubach Research Conference, focusing on research related to monetary policy and the economy, expected to provide an academic perspective for the Federal Reserve's commitment to conduct a review of its monetary policy framework every five years, until the 16th;
Friday 22:00, U.S. May one-year inflation expectations initial value, U.S. May University of Michigan consumer confidence index initial value.
This week, the Federal Reserve's tone is not dovish, with more than half of the policymakers giving public speeches on Friday, and no one indicated that the Federal Reserve is close to cutting rates. Next week's economic data will provide an important perspective, with the April U.S. CPI released on Tuesday expected to offer new insights into inflation trends, while the April retail sales data released on Thursday will provide the latest window into consumer spending. The U.S. April CPI is expected to confirm that price pressures remain too high, with no reason to cut rates for now. Despite a short-term rise in the dollar index, it still faces selling pressure due to the stagflation risk from ongoing tariffs. Additionally, the impact of macro data on Bitcoin prices and whether Bitcoin can consolidate the $100,000 price support zone are also worth watching.
