The market is in a rates-and-energy shock sentiment, affected by last week’s core CPI jump of 0.3% in August (above forecasts’ 0.2%), and Brent oil hitting $109 a barrel. Geopolitical tensions involving Iran and Gulf shipping routes are still adding to Fed rate-hike expectations.
Bitcoin is trading near $77K, remaining below the key $80K level. Meanwhile, Ethereum stayed steady near $2,500.
The Crypto Fear and Greed Index is currently at 66, demonstrating that traders are cautious.
What Traders Should Watch Out for This Week
This week is going to center on the Fed’s September rate decision and its impact on markets.
Moreover, the Senate is set to vote on the upcoming CLARITY Act on Tuesday, adding extra factors to consider before the Fed rate decision.
Here are the major economic indicators to watch out for this week:
- Sep 15: Empire State Manufacturing Survey
- Sep 16: Retail Sales, Import Prices, Manufacturing & Trade: Inventories, NAHB Housing Market Index, U.S. interest rate decision
- Sep 17: Housing Starts, Weekly Jobless Claims
- Sep 18: Industrial Production, M/M%, Capacity Utilization %, Leading Indicators
