Despite a raft of good economic data, sentiment seems to be ebbing, impacting global markets [1e0b863c]. American consumer spending has risen but remains brittle, affecting the U.S. economy [1e0b863c]. The Wall Street earnings season has been positive, influencing investor sentiment [1e0b863c]. China's industrial profits have fallen less than expected, impacting the Chinese economy [1e0b863c]. Aussie PPI (Producer Price Index) has modestly increased, affecting the Australian economy [1e0b863c]. Carbon prices in New Zealand and the EU have remained stagnant, impacting the carbon market [1e0b863c]. The UST 10-year yield has seen little change, influencing bond markets [1e0b863c]. The Kiwi dollar has remained stable, affecting foreign exchange markets [1e0b863c]. Beijing authorities have effectively pegged the yuan to the US dollar, impacting currency markets [1e0b863c]. The price of Bitcoin has slightly decreased, influencing the cryptocurrency market [1e0b863c]. National plans to adjust the Emission Trading Scheme settings have been announced, but speculators remain unconvinced, impacting the carbon market [1e0b863c].
Bitcoin investors are closely monitoring key U.S. economic events that could significantly impact Bitcoin's price. The Consumer Confidence Survey forecasts a rise, which may lead to increased investments in Bitcoin [3e83b07d]. Additionally, the upcoming FOMC meeting and Jerome Powell's speech could indicate a potential rate cut, boosting liquidity in the market [3e83b07d]. The U.S. GDP report is also anticipated, as it could signal overall economic health and influence investments in risk assets like Bitcoin [3e83b07d]. Furthermore, the Initial Jobless Claims report may reflect stability in the labor market, which could affect Bitcoin demand [3e83b07d]. Personal Income, Spending, and the PCE Index data will provide further insights into inflation trends, impacting Bitcoin's appeal as a hedge against inflation [3e83b07d].
Despite the positive economic data, sentiment is ebbing, which could have implications for global markets [1e0b863c].