gonna be an interesting week overall with btc not doing much this weekend and same for eth. btc may be barely holding on to support so the calmer things are the better. maintaining the same price levels until the price is ready to shoot up is best. of course anything can happen with any news breaking out. i see some retail sales numbers coming out on tuesday but not sure what impact that may have far as crypto is concerned. Projections look to be up but not sure if that'll affect crypto or other currencies or have no effect at all.
The Retail Sales released by the US Census Bureau measure the total receipts of retail stores. Monthly percent changes reflect the rate of changes in such sales. Changes in Retail Sales are widely followed as an indicator of consumer spending. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
Guessing if numbers look good then they'll think that we can keep affording all these expensive prices and they'll raise rates again but who knows.
The Retail Sales released by the US Census Bureau measure the total receipts of retail stores. Monthly percent changes reflect the rate of changes in such sales. Changes in Retail Sales are widely followed as an indicator of consumer spending. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
Guessing if numbers look good then they'll think that we can keep affording all these expensive prices and they'll raise rates again but who knows.