The inflation, which was recorded at 2% in the previous period, indicates that inflationary pressures are continuing in the markets. This data is of critical importance for the monetary policy decisions of the European Central Bank (ECB). 

The market expectation was at the 1.9% level. The previous period was recorded at 2%. Inflation came in above expectations. Monthly inflation was recorded at 0.1%. Core CPI (excluding food and energy), which is one of the key inflation indicators, rose to 2.9% on an annual basis.

This shows that the fundamental components of inflation are strengthening. Services sector inflation, at 1.82%, became the component with the highest annual inflation. According to the data, the annual inflation rate in the Eurozone came in above expectations, at 2%. This shows that the rate remained at the same level as the 2% recorded in June. The market expectation was 1.9%. 

This situation indicates that the European Central Bank (ECB) has reached its inflation target of 2%, but that the pressures on price stability have not completely disappeared. Movements in sub-items, especially core inflation, will continue to provide important clues for the ECB’s future monetary policy decisions.

Following the news, the Bitcoin price is trading at $115,350. In short, there is an environment of uncertainty and reduced risk appetite in the markets. Investors are carefully watching Trump’s tariffs and the Fed’s interest rate policies.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates

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In May, the US monthly CPI increased by 0.1%, below the expected 0.3%. The annual CPI was announced at 2.4%, up from the previous 2.3%.

Bitcoin is trading at $109,717.

Analysts had expected the May CPI to increase by 2.5% month-over-month and to remain at similar levels year-over-year. The previously released CPI for the prior month was 2.3%.   

We will continue to provide updates with detailed analysis and market reactions.   

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The post US CPI Data Released: What is the Bitcoin Price Now?    appeared first on Coin Engineer.

Cryptocurrency Market: Major Unlocks and Key Announcements

• $FLOKI token will make a major marketing announcement on Monday. This could impact the token’s market activity and attract investor attention.
• $AVAX will release 1.67 million tokens (valued at around $53 million) on Monday. This unlock represents 0.23% of AVAX’s total supply and may lead to price fluctuations.
• $ROSE token will also unlock 176 million tokens (worth $14 million) on Monday, representing 1.76% of the total supply.
• $PIXEL will unlock 54.95 million tokens on Tuesday, which constitutes 1.10% of its total supply.
• $ENA will release 12.86 million tokens (valued at $7 million) on Wednesday, accounting for just 0.08% of its total supply. Despite this small proportion, it may create market impact.
• $ID will unlock 18.49 million tokens (worth $7.5 million) on Friday, representing 0.92% of the total supply.
• $FIDA will release 18.21 million tokens (worth $5 million) on Saturday, constituting 1.82% of its total supply. This could present new opportunities for investors.

Critical Data and Events in the Forex Market

Tuesday (November 19):

• The United Kingdom will release its Monetary Policy Report, and the speeches of central bank officials could significantly affect the market. Additionally, the Consumer Price Index (CPI) data for Canada will be released, with an expected 0.4% drop in inflation, which could impact the Canadian Dollar.
• In the United States, Building Permits data will be published, reflecting the health of the construction sector. A higher-than-expected figure could indicate economic recovery. Moreover, CFTC Chairman Behnam’s speech may introduce volatility in the markets.

Wednesday (November 20):

• The United Kingdom will release its CPI data, with an expected annual inflation rate of 2.2%. This could impact the British Pound.

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• In the Eurozone, ECB President Christine Lagarde will give a speech, which could be crucial in understanding the pressures on the Euro and potential interest rate changes.

Thursday (November 21):

• In the United States, the Philly Fed Manufacturing Index and Unemployment Claims data will be released. These figures could be decisive for short-term dollar movements. Additionally, CB Leading Index and Existing Home Sales data will offer insights into the future of the U.S. economy.

Friday (November 22):

• In the United States, Existing Home Sales data will be released, followed by the Consumer Confidence Index, which will provide critical information on consumer spending and the housing market, thus affecting the broader economic outlook.

Analysis of the Week’s Key Events

The period from November 18 to November 22 is marked by significant token unlocks in the cryptocurrency market and the release of important economic data in the Forex market. Investors should pay close attention to central bank announcements and inflation data, as they could have a major influence on market sentiment.

In the cryptocurrency market, the unlocking of tokens could lead to short-term price volatility, so careful monitoring of these events is essential. The upcoming central bank speeches and token releases could shape the market’s direction, creating opportunities but also risks. Therefore, developing a cautious strategy and closely analyzing the data will be crucial.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post This Week’s Key Developments in the Crypto and Forex Markets appeared first on Coin Engineer.

Investors in Bitcoin will also pay great attention to these statistics. CPI statistics arriving in at or below estimates will raise the likelihood that the FED will lower its first interest rate in September. A potential interest rate reduction will help to encourage the increase in bitcoin and crypto values even further.

Investing statistics show that although the past CPI data was 3.3%, the projection is 3.1%. This scenario indicates that inflation will lower.

Expectations of June CPI Inflation:

1. TD Securities: %3,0
2. Barclays: %3,1
3. Citigroup: %3,1
4. Factset Consensus: %3,1
5. Kalshi: %3,1
6. UBS: %3,1
7. Bank of America %3,2
8. Goldman Sachs: %3,2
9. Morgan Stanley %3,2

Should CPI statistics reflect expectations (3.1%), inflation will have dropped to its lowest level since January 2024.

After about three years, a CPI data point below 3.0% will once again be noticed. Since the CPI dropped last month below 3.0%, Stated differently, inflation has been above 3.0% for 38 months uninterrupted without pause.

Today at 12:30 UTC, US inflation numbers for June will be revealed.

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