Finance News
By Julie Binoche
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Retail Sales and Fed Balance Sheet Data. Thursday brings retail sales figures from the Census Bureau.
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Trump Heads to Beijing. President Trump lands in Beijing on May 14 for a two-day summit with Xi Jinping.
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Bitcoin's holding above $80,000. Barely.
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The next 72 hours could wreck that. Or send it higher. Three big things hit this week: inflation numbers that might still be ugly, a new Fed boss taking over from Jerome Powell,…
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The Bureau of Labor Statistics drops April's Consumer Price Index on Tuesday. Producer Price Index follows Wednesday.
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Thursday brings retail sales figures from the Census Bureau. Consumer demand matters because it shows whether people are actually spending or pulling back.
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The H.4.1 data tells you if there's enough money sloshing around the system to push risk assets higher.
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Kevin Warsh takes over as Fed Chair on May 15. Powell's out.
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The Senate Banking Committee pushed Warsh's nomination through on a party-line vote, so his confirmation wasn't exactly smooth.
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Warsh's initial reaction to this week's data could set the tone for months. A dovish tilt might give BTC room to run. A hawkish one could kill the rally.
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President Trump lands in Beijing on May 14 for a two-day summit with Xi Jinping. Trade, tariffs, and geopolitical tensions are on the agenda.
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Related: BTC Eyes $70K Drop as Fed Inflation Data Cools Rate-Cut Hopes
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The timing's pretty much perfect for maximum chaos. Trump's there while the Fed chair swap happens and while markets digest fresh inflation data.
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Bitcoin's sensitivity to real yields complicates things. Nominal yields matter, but real yields—adjusted for inflation—matter more.
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Dollar strength is another variable. A stronger dollar, especially if driven by geopolitical uncertainty or trade friction, interrupts Bitcoin's momentum.
The Currency Analytics
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