Reserve

Solana

Chair

Diamond

<p>S&amp;P eased higher this morning, retaining a positive bias ahead of Federal Reserve Chair Jerome Powell's testimony to Congress and key inflation data in a busy week of data reports including the CPI on Thursday.</p>
<p>Dow Jones Industrial Average rose 216 points, or 0.6%, <a href="https://www.investing.com/indices/us-spx-500">S&amp;P 500</a> climbed 12 points, or 0.2%, and NASDAQ Composite rose 30 points, or 0.2%. BTC opening up on Monday +3.4% with Solana and Cardano leading a strong Monday opening.</p>
<p>Sentiment remains generally strong, with the S&amp;P 500 and Nasdaq Composite reaching all-time highs on Friday and ending at record closing levels,&nbsp;as softer-than-expected <a href="https://www.investing.com/economic-calendar/nonfarm-payrolls-227">nonfarm payrolls</a> data ramped up optimism that the Fed will begin cutting interest rates by September.</p>
<p>The real question is the CPI Data combined with softer job numbers—align this with the uncertainty of the US Elections, and the crypto market volatility is on high alert.</p>
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<p>The crypto market is staring down its toughest headwind in months as the anticipation of Bitcoin (BTC) sell-offs from Mt. Gox and the German government begins to weigh heavily on investors’ minds. Some predict that market conditions may ease only when selling pressure from Mt. Gox and Germany subsides. <br><br><strong>Connect With Paul Barron Direct ➜ <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqa05Ub2hxRkx3ZjJnb2J0OVJocGlwUTZuMHlRZ3xBQ3Jtc0ttVElZYkhidGVGT05naVQzS0tEdFp4OUdpX1IwdjI4YkxTVTI5UFlYamoybkFDM2tRYldlTGRSQ19zYXJ3MjZBVm9hUWJEaTlfcGRXQnBfUGpnNGJlRkhUUGdBVHlsZ0ZibDBwb1ZXbFJsVlp6cFViZw&amp;q=https%3A%2F%2Fbit.ly%2Fpbminnect&amp;v=govdPZzgzeU">https://bit.ly/pbminnect</a><br></strong></p>
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CPI Impact on Crypto This Week Could Turn The Market - Ft/ Paul Barron (Video) Analysis

Paul Barron Network

Alte articole publicate pe 8 iul. 2024

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