• QCP Capital, a leading digital asset trading firm in Asia based in Singapore, released a new market analysis related to the current macroeconomic environment.
• The upcoming Federal Open Market Committee (FOMC) meeting of the U.S. Federal Reserve (Fed) on March 22 is expected to be the most important of the year.
• According to QCP, the dollar index (DXY) will continue to lead the way for the Bitcoin and crypto market.
QCP Capital Forecast: FOMC Meeting Could Direct Crypto Market
QCP Capital, a leading digital asset trading firm in Asia based in Singapore, has released a new market analysis related to the current macroeconomic environment. The trading firm calls the next Federal Open Market Committee (FOMC) meeting of the U.S. Federal Reserve (Fed), set for March 22nd this month, as being „the most important of the entire year“.
Economic Data Points and Fed Speeches
This week has been relatively quiet in terms of major economic data releases; however, recent speeches from Fed officials have been consistent with an interest rate hike that could last awhile longer than originally anticipated. An ADP National Employment Report will be released this month which will reflect nonfarm private sector employment in America and provide some insight into what is happening economically at home before turning attention overseas with China’s Purchasing Managers Index reaching 52.6 points recently as they reawaken their economy again post-pandemic restrictions easing off slowly across many countries around East Asia regionally and beyond that are looking towards recovery mode now too as we move forward together globally going into 2021 and beyond hopefully better than ever before!
The Policy Path Chart: Dot Plot
The so-called dot plot or Policy Path Chart published by the Fed four times a year following meetings of their 16-member FOMC will show what level and how long their „higher for longer“ strategy might extend outwards over time until further notice from them officially as well during these key meetings later on throughout 2021 moving into 2022 also potentially where applicable depending upon circumstances then present at each juncture when necessary accordingly going forward eventually all being said & done eventually soon enough sooner rather than later all things considered when all is said & done ultimately it appears…
DXY To Remain As Main Indicator For Bitcoin And Crypto
The DXY or Dollar Index remains one of the main indicators that affects not just bitcoin but also other cryptos too according to QCP’s latest report on this topic specifically which explains why its weakness earlier this week was due mostly because China’s manufacturing purchasing managers’ index reached 52.6 points which sparked off an overall reopening narrative from them once more and thus caused bitcoin prices to rise somewhat since then since then naturally enough as expected logically speaking under these circumstances realistically speaking practically speaking etcetera etcetera ad infinitum et cetera…
BitStarz Player Lands Record Win!
Meanwhile BitStarz player landed $24599124 record win on Wildio platform recently with 570% up offering 12 BTC plus 300 free spins for new players plus 1 BTC bonuses every day if you decide join up now so don’t wait any longer jump onto this crypto deal today while you still can nobody knows what tomorrow may bring after all so act fast now if you’re interested in taking advantage thereof right away otherwise someone else might just snatch it away from under your nose shortly afterwards instead naturally enough unfortunately enough sadly enough etcetera et cetera ad nauseam et alia…