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4 things that can affect the encryption markets next week

The encryption markets held the gains during the weekend as the United States and China sat in commercial talks, although there are no official deals.

Reports also appeared on the Donald Trump list, which includes about 20 countries of the first countries for early commercial negotiations, including major partners such as Japan, South Korea and Vietnam.

In a widely expected step, the Federal Reserve kept fixed rates last week, noting an increase in the total economic uncertainty associated with definitions, indicating the continuous “waiting and enjoyment” approach.

This week will witness the main inflation reports and consumer confidence, which can give up the markets if it is worse than expected.

Economic events from 12 to 16 May

Consumer price index in April (CPI) except for food and energy scheduled for Tuesday. The CPI report is one of the main metrics of inflation, along with the Personal Consumption Expenses Index.

The consumer price index report reflects price trends through the economy and constitutes consumer spending and work morale. However, numbers are usually much lower than reality in terms of increasing prices for consumers.

The product price index report is scheduled to decide on April (PPI) on Thursday, which reflects the costs of inputs for producers and manufacturers and measuring the cost of consumer commodity production. These leading inflation data also constitute policy makers decisions.

Retail sales report in April is Thursday. This data indicates how much consumers spend on durable and non -durable goods, which is a leading indicator of economic health.

On Friday, the consumer feelings in Michigan in May will witness the initial inflation expectations of consumers. These reports summarize the results of a monthly survey that measures consumer confidence and long -term inflation expectations.

The White House said the talks between the United States and China regarding a commercial deal made “great progress”, on Sunday. “We will provide the details tomorrow, but I can tell you that the talks were fruitful,” said US Treasury Secretary Scott Beesen.

Crypting market forecasts

The Crypto market value decreased slightly to $ 3.45 trillion during the Asian trading session on Monday morning. However, he was still hovering around multiple months.

Bitcoin prices became shy of $ 105,000 on Sunday and kept about $ 104,000 on Monday morning, just 4.4 % from the highest level ever. Assets gained 11 % during the past week, although analysts expect some unification at these levels.

Ethereum has caught fire over the past week, with more than 40 % over the past seven days. ETH approached approximately 2600 dollars on May 11 before declining a little to trade at $ 2525 at the time of writing this report.

Altcoins also performs during the weekend, but the momentum slows down with our entry for a new week.

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