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Market Watch: Key Events This Week That Could Affect Crypto
- U.S. Chicago PMI surprises with improvement, while Germany’s CPI remains steady, indicating mixed inflationary pressures.
- Trump’s announcement of “Liberation Day” tariffs sparks concerns of global trade wars and market uncertainty.
- Key U.S. economic indicators and labor data could impact monetary policy and stocks, affecting cryptocurrencies as well.
- The upcoming events in the cryptocurrency market include data reports influencing the Fed’s interest rate decision and Trump’s announcement on April 2nd.
- The U.S. Chicago PMI showed an unexpected improvement with a reading of 47.6, hinting at a potential manufacturing sector recovery.
- Germany's monthly CPI met expectations at 0.3%, indicating less impact from global inflation concerns at present.
- Tuesday will bring crucial economic indicators from the Eurozone and the U.S., providing insights into manufacturing and inflation trends.
- Wednesday marks Trump's potential initiation of tariffs on foreign exports, leading to market uncertainty and potential economic impacts.
- Crypto markets are likely to experience volatility on Wednesday due to macroeconomic events, with potential for both negative reactions and slight growth.
- Thursday will focus on U.S. Jobless Claims and the Services sector, while energy markets observe Crude Oil Inventories.
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