New week started and September Crypto Coins It is not so great for. According to yesterday, the markets are in good condition, but BTC has not yet earned $ 112,500. He expanded his golden historical rally and long -term Japanese state bonds fell with the resignation of Ishiba and increased their expectations of loosening in monetary policy.
New week in crypto currencies
BTC It made a relatively good start. China’s export growth figures have arrived and the decline in US shipments makes itself felt here. Chinese export growth fell to the lowest levels of the last six months. However, Beijing, which increased its exports to other countries, reached a record trade surplus of 1.2 trillion dollars. In other words, China has done what is necessary to create an alternative to the USA.
Today, NY FED inflation expectations will be announced. It would not be surprising that Trump announced new sanctions on Russia and China. We are in the inflation week and last week’s employment figures made interest rate cuts finalized.
QCP Capital Reviews
For September FedThe QCP analysts recently shared their new reports that the debate about the independence of the independence will be focused on a few hours ago. The evaluations of QCP analysts who are not drowning in the crypto particular are important. Today, they draw attention to the alarms on the employment front.
Referring to the end of the 53 -week employment increase with the data on Friday, analysts wrote that the bad figures at the beginning of June have been confirmed and the expectation of interest reduction increased.
“2 -year US Treasury bonds are also at the lowest levels of the year, because the market is waiting for an interest rate reduction of 72 basis for the rest of the year.
However, the risk appetite arising from the Fed’s interest reduction expectations was not reflected in the crypto currency market. Although the recovery in stocks and even gold reached new peaks, the crypto money market followed a relatively horizontal course last week.
In fact, the crypto market may have interpreted this relatively horizontal price movement as a decrease tendency, because the risk Reversals is increasingly increasing proposals for idol options for September. On the contrary, some may argue that this consolidation is a reflection of the durability of crypto currencies: BTC continues to be traded over $ 110,000 despite the fact that Strategy has been removed from S&P500 on Friday, and ETH continues to be traded over $ 4250 despite the Spot ETF exit for five days. ”
Why don’t crypto coins rise? What they say as a reason for the lack of beliefs is the inflation report. Investors think that if the FED is increased by 0.3% in the monthly, it may be difficult for discounts, and they are not convinced of the interest rate reduction route without seeing this report.
“However, even if there is a temporary increase due to customs duties, it is unlikely that Trump will climb the trade tension further, considering the current economic situation. Therefore, except for sudden reactions to this week’s data, crypto currencies seem to see good support because there is no significant catalyst on the horizon.”
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.
