This week, the cryptocurrency market may face significant volatility due to important economic and political events. Investors need to be very cautious and closely monitor the news below.
U.S. inflation data (Tuesday, 12/8)
The focal point of the week will be the reports on U.S. inflation, including the Consumer Price Index (CPI) and Core CPI.
CPI is projected to rise to 2.8% (previously 2.7%).
Core CPI is projected to rise to 3.1% (previously 2.9%).
If these numbers are higher than expected, the market may react negatively due to concerns about the possibility of maintaining a tight monetary policy. Conversely, if inflation decreases, this could be a positive signal boosting the market.
Speeches by Local Fed Chairs (Tuesday - Thursday)
Throughout the week, speeches by Local Fed Chairs such as Tom Barkin, Jeff Schmid, Raphael Bostic, and Austan Goolsbee will provide additional clues about the Fed's stance on inflation and monetary policy. Any comments on the interest rate path could significantly affect market sentiment.
Other economic indicators (Thursday, 14/8)
On Thursday, investors should pay attention to the initial jobless claims and the Producer Price Index (PPI). If initial jobless claims increase, it may indicate a weakening economy, while the PPI could provide more information about inflationary pressures at the producer level.
Political meeting (Friday, 15/8)
Another notable event is the meeting between President Donald Trump and Russian President Vladimir Putin in Alaska. Although this is a political event, statements or outcomes from this meeting could have an indirect impact on global financial markets.
In summary, this week presents many risks and opportunities. Investors should maintain a cautious attitude, closely monitor the news, and effectively manage risks.