Interpretation of cryptocurrency market on February 21 2023
The U.S. stock market has been closed in recent days. The market has been relatively quiet, and the game continues. The following events will bring some volatility.
The first is the Fed meeting minutes early Thursday morning, with a one-month window until the following rate resolution. Thursday is likely to provide forward guidance. The impact will soon be significant in an environment with few major events.
Next is the release of PCE data on Friday, an important basis for the Fed to measure inflation. The Federal Reserve has been claiming to let inflation fall to 2%. The market expects a slight decline. Whether it will be repeated as in previous data is also a concern.
The significance of these events does not lie in determining the subsequent long-term judgment but only in the current situation where the long and short forces are relatively balanced, and the volatility has become smaller. Any additional impact will amplify the volatility. It is possible to affect the short-term position. However, the actual significance is relatively limited, and placing bets on these events is not recommended.
The first is the Fed meeting minutes early Thursday morning, with a one-month window until the following rate resolution. Thursday is likely to provide forward guidance. The impact will soon be significant in an environment with few major events.
Next is the release of PCE data on Friday, an important basis for the Fed to measure inflation. The Federal Reserve has been claiming to let inflation fall to 2%. The market expects a slight decline. Whether it will be repeated as in previous data is also a concern.
The significance of these events does not lie in determining the subsequent long-term judgment but only in the current situation where the long and short forces are relatively balanced, and the volatility has become smaller. Any additional impact will amplify the volatility. It is possible to affect the short-term position. However, the actual significance is relatively limited, and placing bets on these events is not recommended.
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