Key events of the upcoming non-boring week
The most important days are Tuesday and Wednesday,
June 13-14. On those days,
U.S. inflation data is released at 1:30 p.m., which is one of the most important for the
Fed's rate decision on June 14 at 7 p.m. It is highly likely that the
Fed will pause and assess the effect of the rate hike.
Also on
June 13 is a congressional hearing on the
regulation of cryptocurrencies in the U.S., where likely to raise the
issue of Binance and Coinbase, among others.
Because of this, it is logical to assume that:
If the rate is left unchanged and the rhetoric on crypto regulation softens - a positive for the market,
If the rate suddenly rises and regulation and investigations continue to tighten the screws - we could see a subsequent fall.
Be aware of possible manipulation during the news. Be aware of the risks. Have a productive week.
Crypto_Ocean
