NEWS / MACRO AND ECONOMICS
Central banks, inflation, labour market, dollar, bonds and global liquidity.
The publication of inflation changes expectations for interest rates and money costs. For the market, the key code is the difference between reading and what was previously valued. Macro works on crypto primarily by expectations about the cost of money, dollar, profitability and appetite for risk. It is not a simple direction switch: the same reading can cause a different reaction if the market was different...
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The PCE is one of the elements that investors combine with the future monetary policy path. The importance of data grows when they deviate from expectations and change the valuation of reductions or increases in feet. Macro works on crypto primarily by expectations of the cost of money, dollar, profitability and appetite for risk. It is not a simple direction switch: the same reading can cause a different reaction if...
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The labour market affects the assessment of the power of the economy and inflationary pressures. For crypto it is important whether data strengthens or weakens expectations about Fed policy. Macro acts on crypto primarily by expectations about the cost of money, dollar, profitability and appetite for risk. It is not a simple direction switch: the same reading can cause a different reaction if the market was otherwise positioned before...
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The decision on rates is only the first part of the central bank’s communication. The projections of members of FOMC and the president’s conference can completely change the first market reaction. Macro works on crypto primarily by expectations of the cost of money, dollar, profitability and appetite to risk. It is not a simple direction switch: the same reading can cause a different reaction if the market was different...
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Dollar is an important element of global liquidity, but its correlation with BitcoinThe most useful are the changes in relations, not the mechanical assumption of reverse movement. Macro works on crypto primarily by expectations of the cost of money, dollar, profitability and appetite for risk. It is not a simple direction switch: the same reading can cause a different reaction if the market was different...
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Profitability affects the valuation of the cost of capital and the attractiveness of safe assets relative to risky assets. Sudden movement in the debt market can change the conditions for crypto even without separate industry news. Macro acts on crypto primarily by expectations of the cost of money, dollar, profitability and appetite for risk. It is not a simple direction switch: the same reading can cause a different reaction if...
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Crypto is sensitive to financial conditions and availability of capital. The changes in liquidity do not work like a watch, but can build a background for appetite for risk in the longer horizon. Macro works on crypto primarily by expectations of money costs, dollar, profitability and appetite for risk. It is not a simple direction switch: the same reading can cause a different reaction if the market was different...
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The decisions of the European Central Bank affect the euro, bonds and regional financial conditions. The crypto market can react by the EURUSD rate, changes in appetite for risks and flows between sessions. Macro works on crypto primarily by expectations of the cost of money, dollar, profitability and appetite for risks. It is not a simple direction switch: the same reading can cause a different reaction if...
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Changes in the Bank of Japan policies can influence the financing of global positions and the behaviour of the yen. With the rapid closure of the carry trade risks can be reduced more widely, also on cryptocurrency. Macro acts on cryptocurrency primarily by expectations of the cost of money, dollar, profitability and appetite for risk. It is not a simple direction switch: the same reading can cause a different reaction if...
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The price of energy can affect inflation expectations and monetary policy. To be cryptic, it is important to know whether the movement of raw materials changes the narrative of rates and financial conditions. Macro works on crypto primarily by expectations about the cost of money, dollar, profitability and appetite for risk. It is not a simple direction switch: the same reading can cause a different reaction if the market was...
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Poorer economic data can lower expectations about the rates, but at the same time worsen the appetite for risk. The market often has to decide which of these effects dominates. Macro works on crypto primarily by expectations of the cost of money, dollar, profitability and appetite for risk. It is not a simple direction switch: the same reading can cause a different reaction if the market was different...
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The most important is to prepare scenarios before publication, not the pursuit of the first candle. Macro works on crypto primarily by expectations of the cost of money, dollar, profitability and appetite for risk. It is not a simple direction switch: the same reading can cause a different reaction if the market was different...
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