What could affect the bitcoin exchange rate in the coming days? and what forecasts on levels and price targets?
Reporting output of large companies:
On April 25, Alphabet (Google), Microsoft and Visa are expected to release reports for the 1st quarter of 2023. Mastercard, Amazon, Activision Blizzard and Intel will report on April 27.
Reports from these and other large corporations are capable of adding volatility to the cryptocurrency market. This, in turn, can negatively affect the price of BTC, since the first cryptocurrency is included in the list of high-risk assets.
Forecast 12-month P/E ratio (the ratio of the value of the shares to the profit they will bring) for the S&P 500, it is now equal to 18.2, which is below the 5-year average (18.5), but above the 10-year average (17.3). The rate may also be affected by the next Fed meeting, which will be held on May 2-3, the markets are laying an 89 percent probability that the Fed will raise the rate by 0.25 percentage points in May.
On May 5, a report on unemployment in the United States will be published. A strong labor market does not allow the Fed to ease monetary policy, so it is worth keeping a close eye on these data.
Also on May 10, the next report on inflation or CPI (consumer price index) is expected, which "will add a storm to the markets."
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npub1jl…7q0rd
2023-04-24 23:20:33
Author Public Key
npub1jl4955de0k5cnh582dmlfgk6myzv008dck4jq2lu29hvygsxzecsa7q0rdPublished at
2023-04-24 23:20:33Event JSON
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"content": "What could affect the bitcoin exchange rate in the coming days? and what forecasts on levels and price targets?\n\nReporting output of large companies:\n\nOn April 25, Alphabet (Google), Microsoft and Visa are expected to release reports for the 1st quarter of 2023. Mastercard, Amazon, Activision Blizzard and Intel will report on April 27.\n\nReports from these and other large corporations are capable of adding volatility to the cryptocurrency market. This, in turn, can negatively affect the price of BTC, since the first cryptocurrency is included in the list of high-risk assets.\nForecast 12-month P/E ratio (the ratio of the value of the shares to the profit they will bring) for the S\u0026P 500, it is now equal to 18.2, which is below the 5-year average (18.5), but above the 10-year average (17.3). The rate may also be affected by the next Fed meeting, which will be held on May 2-3, the markets are laying an 89 percent probability that the Fed will raise the rate by 0.25 percentage points in May.\n\nOn May 5, a report on unemployment in the United States will be published. A strong labor market does not allow the Fed to ease monetary policy, so it is worth keeping a close eye on these data.\nAlso on May 10, the next report on inflation or CPI (consumer price index) is expected, which \"will add a storm to the markets.\"",
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