- Michael van de Poppe shared a list of upcoming events that could influence the financial market.
- The analyst included the XRP-SEC lawsuit, CPI, PPI, Fed’s policies, unemployment claims, and customer sentiment in the list.
- The indexes were acknowledged as market deciders and market movers.
Michael van de Poppe, the crypto enthusiast and CEO of the educational platform MN Trading, recently shared a Twitter thread listing a few upcoming events in the financial market, acknowledging them as the “market deciders” and “market movers.”
The crypto influencer took to Twitter to highlight the events that are supposed to take place in the coming week, enlightening investors and traders about the influences these events could inflict upon the crypto space.
On the top of the list, van de Poppe placed the ongoing SEC-XRP lawsuit, indicating that the legal battle could highly influence the crypto industry, though the outcome is absurd. Over the last month, XRP has been exhibiting a positive inclination, currently reaching a price of $0.514801 USD, up 1.44% in one day, with a 24-hour trading volume of $1,012,428,380.
The analyst further pointed out the impact of Tuesday’s Consumer Price Index (CPI), and Wednesday’s Producer Price Index (PPI) on the market, providing insights into the inflation trends. It’s uncertain whether they could indicate the stability or turbulence of the industry.
The next event highlighted by van de Poppe was the anticipated revelations on the monetary policies of the Federal Reserve, which could highly impact the financial sector. It’s evident that the Fed’s decision could monitor the whole sector, though the intensity of the impact is to be analyzed over the course of time. Previously, the American entrepreneur Elon Musk addressed the Fed’s interest hikes as “foolish.”
Towards the end, van de Poppe detailed Thursday’s release of unemployment claims and Friday’s examination of customer sentiment. While the unemployment claims signify the current position of the job market, the customer sentiment reveals consumers’ economic confidence.
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