When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. Important Disclaimers The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. However, Fed chatter will draw interest in the afternoon session, with hawkish commentary likely to influence.įOMC members Barr, Bostic, Daly, and Mester are on the calendar to speak today.īeyond the US economic calendar and the staking statistics, investors should track ETF chatter, with Binance and SEC v Ripple-related news likely to also be focal points. It is a quiet Monday, with no US economic indicators to draw interest. Staking statistics remained a headwind, with regulatory scrutiny and falling staking APRs being a bad combination. However, the US Jobs Report supported a July move but left September in the hands of the US CPI Report on Wednesday. Hawkish Fed forward guidance signals one further rate hike before hitting the brakes. While the Fed looks set to hike rates by 25 basis points this month, there is uncertainty toward the September policy decision. The lack of market forces and Fed Fear left ETH on the back foot. It was a quiet Sunday session, with no crypto events to move the dial. ETH Withdrawal Profile 100723 Fed Fear Added to the Bearish Mood
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