Heads of the Center will meet with managers Jackson Hole Before the meeting, risk appetite decreased in the markets.
While the rising inflation all over the world made the Central Bank administrators nervous, the selling pressure increased in the markets before the hawkish messages that might come out at the meeting.
DXY
When we look at the markets, we see that the Dollar continues to strengthen with the entry of the new week and DXY has risen above 108 levels again.
At this point, the 106.6 level will need to be broken down for us to see a relief in Bitcoin and altcoins. Otherwise, DXY’s next target seems to be 117 levels. The price movements that will occur here will directly affect the Bitcoin investor.
US Futures and Europe Negative
As the dollar strengthened, sales in US futures deepened. If there is no change until the opening at 16.30, the US stock markets will also start the week with sellers.
The strengthening of the dollar affects not only cryptocurrencies, but all markets negatively. While the Euro/Dollar parity is decreasing to 1 level again, we see that there is a decrease in the commodity side. Gold started the day with a 1% loss, while losses in silver reached 1.5%.
When is Jackson Hole?
The Jackson Hole meeting, which the markets will follow this week, will take place on August 25-26 and 27. FED Chairman Powell’s speech at the Jackson Hole meeting is expected to take place on Friday, August 26 at 17.00 Turkish time.
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