Daily Review
John Williams raised his stake expectations. James Bullard allowed the rate to be raised to 7%. Loretta Mester added that the Fed hasn't stopped anywhere close to its rate hike campaign. Lael Brainard advocates further interest rate hikes by the Fed to lower inflationary expectations. No one talked about slowing down the rate of increase.
The cryptocurrency market is still under pressure. Risk appetite is strongly tied to the stock markets. On Tuesday, November 29, at the auctions in Asia, the dollar index is falling, futures for indices are growing. The BTC/USDt pair rose 1.68% to $16,485. Bitcoin is trying to find a bottom to push off. Bearish sentiment deprives him of this opportunity.
Key risks in the coming week include a speech by Fed Chairman Powell on Wednesday when he is due to discuss the economic outlook and the labor market. On Friday, the report on the employment market in the US for November will be released. Buyers need to pass the $17,100 level to temporarily shift investors' attention to a correction and give miners confidence in a future price recovery.
