To stay ahead in the market, you must closely monitor these key factors:
Global financial markets appear to be in a state of caution and anticipation. Understanding how these geopolitical and trade factors, as well as central bank policies, interact is crucial for making informed trading decisions in the cryptocurrency market.
Trade tensions between the United States and China
The ongoing trade tensions between the world's two largest economies cast a shadow over global financial markets.
Oil prices
Oil is the lifeblood of the global economy, and fluctuations in its prices affect inflation and economic growth.
Interest rates and central bank policies
Central banks' decisions on interest rates and their monetary policies have a profound impact on all assets.
Movement of the US dollar
The US dollar plays a pivotal role as a global reserve currency. When the dollar is on the rise, it may indicate a flow of capital towards safer assets, which can negatively impact currencies.
