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#May Market Outlook
IMPORTANT DEVELOPMENTS OF THIS WEEK
- 🇺🇸 Monday (5 May): Service sector data in the US ( will be released by ISM & S&P Global). It is expected that MicroStrategy's founder Michael Saylor will announce a new Bitcoin purchase following the $21 billion stock sale. The 60-day period for Trump's "Strategic Bitcoin Reserve" decision is coming to an end. Investor Stanley Bessent will give a speech.
- 🇺🇸 Tuesday (6 May ): US March trade data will be released. Bessent will provide a statement. AMD will disclose its financial report.
- 🇨🇳 Wednesday (7 May ): China will release currency and gold reserve data. A Pectra update will be conducted on the Ethereum network. The US may announce new tariffs on chip imports. The Fed will announce its interest rate decision. Bessent will give another statement.
- Thursday ( May ): The sentence of Celsius's former CEO Alex Mashinsky will be announced. Coinbase will release its financial report.
- Friday (9 May ): China will release its foreign trade data for April. Coinbase Derivatives is launching 24/7 BTC and ETH futures trading.