Crypto currency As we have already mentioned, investors are moving towards an interesting September. Fed member Cook was fired by Trump at the beginning of the week. However, the information continued to access his computer and office was shared. Moreover, the court process has begun, and this contention is annoying. On the other hand BTC The Michigan report was also published just before the fall.
Crypto coins fall
It is nice when we go to the weekend volume PCE Despite its data, BTC fell to the support point at $ 108,500. Although it is annoying, there is volatility in the nature of the crypton. The fact that he has access to Cook’s office continues is not good for the coming days.
The important details in the Michigan report are as follows;
- Michigan Consumer expectations announced: 55,9 (Expectation: 57,5 Previous: 57.2)
- Michigan 5 -year inflation expectation announced: 3.5 %(Expectation: 3.9 %Previous: 3.9 %)
The short -term 1 -year inflation expectation was also close to 4.8 %close to the previously announced figure. Is it possible that these numbers trigger the decrease? Consumer trust, which has decreased by about 6 %compared to July, is annoying. Sensitivity is currently about 11 %of the values in April and May, but at least 10 %of the values of 6 and 12 months ago, ie the numbers are not very good.
“Purchasing conditions for durable consumer goods decreased to the lowest value of the last year and the current personal financial situation decreased by 7 %due to increasing concerns about high prices. Business conditions and expectations for labor markets were narrowed in August. – Michigan Sensitivity Report
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
