This week's macro events of general importance, mainly the CPI news is striking, Bowman just mentioned last week that there is no expectation of a rate cut this year, this week's speech is therefore worth paying more attention to. At present, rate cuts seem to be becoming distant, some economies have even begun to study the continuation of interest rate hikes, the status quo of tight market funding will continue. There are no relevant events in the cryptocurrency world that are enough to affect the market, but the FTX claim and multiple hearings are worth paying attention to, and cryptocurrencies have been weaker recently, especially the cottage coins represented by ETH.
🌟 Heavyweight events this week:
Tuesday 5/14 *
📢 Fed Chair Powell and ECB Governing Councilor Nauert attend a conference together
📝 OpenAI launch event
💼 Judicial outcome for Tornado Cash developers and Samourai Wallet co-creators
Wednesday 5/15 ***
💼U.S. CPI for April
💼 U.S. retail sales data for April
💼 FTX opens claims window
5/16 Thursday **
💼 Fed Governor Bowman delivers remarks
💼 U.S. initial jobless claims for the week
5/17 Friday *
💼 Speech by several FOMC Voters
📌 Crypto Market Outlook:
The entire cryptocurrency market has had two consecutive weeks of V-reversals and a significant drop in volatility.Dvol has bounced back, with short and intermediate term IVs now down to the 50% line, which is significantly below average. Low IV in major term options is an opportunity for buyers, and in the short term it can be cost effective to choose a term and price with lower IV and continue to buy options.
💼 On the crypto rate market, Bitfinex spot big players continue to keep bottoming out, the green leaf rate market can often be encountered with 20% annualized interest rate orders, encountering the right interest rate orders can be actively transacted, and the use of high-interest mode may be a surprise.