No major indicators are expected in the United States on Monday, leaving the day to central bank speeches. Michelle Bowman of the Fed will speak at 2:15 PM Paris time, while Christine Lagarde will address the European Parliament’s economic committee at 3:30 PM. Thomas Barkin, president of the Richmond Fed, will close the day at 7:30 PM Paris time. Bitcoin, which had reached $84,500 on Sunday evening, fell to around $83,400 on Monday morning, while the 10-year US Treasury yield remains above 5%, heightening the currency’s sensitivity to any rate-related statements. Markets will be looking ahead to Wednesday’s PCE index and Friday’s employment report.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
