Crypto Coins Today, it has made significant gains and supports the latest earnings reports for crypto currencies. Later, extremely important employment data for the US markets will be announced. The revenues of the magnificent seven, the morale revenues, say that the rise in stocks can accelerate.
US earning reports
When the article was prepared, Amazon’s earnings report came and data such as net sales and earnings per share exceeded forecasts. The first quarter gain of $ 155.7 billion is above expectations. The reviation of the second quarter revenues from $ 159 billion to $ 164 billion is also very supportive for both stock market and consumption expectations.
Microsoft and Meta’s positive earnings reports also support crypto currencies. USA Despite the fact that the Chamber of Commerce announced that comprehensive customs tariffs will harm numerous small enterprises, the fact that the data of trillion -dollar giants is good feeds the investor appetite.
According to Yahoo Finance, Nvidia’s stock price increased by 2.6 %to $ 112. In addition to the magnificent profit reports of the magnificent seven, the US is expected to sign the first trade agreement next week.
Tariffs and Fed
Unemployment, non -agricultural employment and average earnings data will determine the Fed’s tone in Wednesday’s statements. When some data indicate recession, consumer expectation figures that nurture inflation concern. This may have created a balloon due to tariffs.
While the US will sign the first tariff agreement after days, the inflation continues to fall, while the Fed seems to be weak that the FED will continue to care about the economic recession risk.
Trump’s persistent interest rate cutting call to balance the fluctuation in the economy. Jolts Data Bad came and after hours, if we take the contraction signals in the future employment figures, the Fed will now have to look at the issue of employment by throwing inflation to the second plan.
The Fed has two tasks. To keep employment strong and weak inflation. The last PCE data was only 0.3 points away from 2 %target. The Fed now needs to stop focusing on inflation despite the possibility of inflation again due to tariffs and look at my istida.
Independent Fed Although the protection of the image and the explanations to date, we need Powell’s more clear relaxation signal and even the potential for loosening for June on Wednesday. And we’ll probably see it. Thus, the rise in crypto currencies should continue.
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.
