the 7th of Aug, 2022 — Sunday
Intrude Into The Market Place: Day 4
You need to know what this article is, and is not. Financial advice is not part of the plot.
What then… ?
It may have little impact on the current market price but is playing a significant role in the macro-economic situations:
- US economy is not as bad as imagined (US NFP is almost double that of Dow Jones’s expectation).
- Fewer scruples for the US Fed on the next rate hike action (even though nonfarm payroll is not directly engaged in the rate hike decision, while the CPI does.)
- Will it be more likely to have an interim meeting in August this year for another rate hike?
- July CPI data for July will be revealed on coming Wednesday and it shall decide the strength to raise interest rates in the coming meeting.
What Happens At The Current Market?
- A significant increase in the US Bond’s yield (due to the large interest rate hike) brings little momentum to Dollar Index.
- If CPI is not peaked yet, the rate hike cycle is expected to be prolonged.
Crypto Quick Bites:
Greed & Fear Index: Fear
Could You Recall Anything When ETH/BTC was last at 0.07 level?
Doesn’t mean to scare you. But this is what I recalled.. 😆
“There is no sufficient fund in the market.”