Fundamental Weekly Summary Technical Indicators For Financial Cryptocurrency Markets

Investing says that Investors trying to gauge the threat of inflation will closely follow Thursday’s US consumer price data amid concerns that rising inflation could prompt the Federal Reserve to begin withdrawing stimulus.It seems likely that meme stocks will continue to attract investors’ attention following the ups and downs of the past week. Markets will also be keeping a close eye on the progress of President Joe Biden’s $ 1.7 trillion infrastructure plan, which has already boosted the industrial and materials sectors this year.The European Central Bank (ECB) will meet on Thursday and could discuss reducing stimulus. Also, the UK will release monthly GDP figures amid growing doubts about going ahead with the final step of the government’s reopening plan. Then, here’s what you need to know to start your week.All eyes will be on Thursday’s latest CPI data after a much stronger-than-expected inflation figure triggered a sell-off last month as many worries that mounting price pressures could force the Fed to begin easing the stimulus earlier than expected.Friday’s employment report indicated that while job growth rebounded from the previous month, wage growth also accelerated. This could reinforce the argument that high inflation could persist rather than be transitory, as the Fed is saying right now.The inflation reading is one of the last important economic data ahead of the next Fed meeting on June 15–16, and Fed officials will enter their usual period of silence this week prior to that meeting.According to Cryptocompare, total spot volume crossed $4.8tn (up 26.5%) in May. The top 3 exchanges Binance, Huobi Global and OKEx, saw monthly trading volumes of $1.5tn (up 63.0%), $271bn (down 6.0%) and $242bn (down 14.6%), respectively.Total derivatives volume increased to $5.5tn (up 40.4%) as investors reacted to higher volatility. The top 3 exchanges, Binance, OKEx, and Bybit, saw monthly…