There's a lot of pressure on all markets due to the environment affecting macro economies and markets. Today we will review the economic calendar of the week in front of us. The recent hawkish takes (Hawkish environments are when policymakers and advisors who favor higher interest rates to keep inflation in check) strengthen the dollar, and historically macro trend changes in the dollar hurt risk-on assets such as cryptocurrencies to the downside.

MONDAY - This marks the start of the Chinese New Year and will be a holiday all week, you can expect liquidity to be thin during the Asian session of the Hong Kong Stock Exchange (01:30-08:00 UTC). Expect this to cause drastic moves in price action as market makers are more aggressive through liquidity hunting moves. Historically, Chinese New Year has represented a date where the Asian Session offloads their assets and sells in mass. Additionally, FOMC member Esther George was quoted recently on Reuters with a hawkish take on the market saying the following "The U.S. Federal Reserve should begin to reduce its holdings of U.S. Treasury bonds and mortgage-backed securities accumulated during the pandemic in the not too distant future" his speech could spur risk-OFF environment and USD strength on Monday.

TUESDAY - US manufacturing data (ISM Manufacturing PMI) could continue the USD strength on Tuesday. The RBA (Reserve Bank of Australia) is set to turn more hawkish in the face of a strengthening economy - improving the AUD. Other events include Canadian GDP (expecting underperformance) and New Zealand employment data which has little effect on crypto but mark a macro trend towards a risk-off environment worldwide.

WEDNESDAY - Early employment data out of the US could hint what Friday's data will show, strength in US data moving forward will be bearish to risk-on assets as it reinforces the need for monetary policy normalization in the US. Other events include news affecting Oil prices which further affect the strength of the dollar.

THURSDAY - Markets are already pricing in a 25 bp (0.25%) hike from the Bank of England at this week's meeting, expect the pound to be supported into that event. This will mark the first time since 2004 that the central bank has hiked rates in successive meetings. This, again, marks a threat to risk-on assets in the short term.

FRIDAY - This is the biggest day of the week as far as potential effects on $BTC/Bitcoin and Cryptocurrencies. US employment data is key to either accelerate tightening from the FOMC or to slow down the process. As cryptocurrency enthusiasts, we would want to see underwhelming data print here as it would help risk-on assets with more help from policymakers. Although it sounds contradictory, risk assets react to this push from policymakers to help get the underlying parts of the economy going. Expect $BTC to massively react to this data print on Friday.

In conclusion, it seems like USD will be strengthened alongside the GDP, AUD and NZD on the back of Central Banks' hawkishness, the Fed has led the way. Expect choppy price action with China on holiday and a big event on Friday.

You can see previous analysis on the macro price action fo $BTC in this article.

DSRPTD 2021 is set to disrupt the VC scene this year with an entrepreneurial experience to increase the brand awareness of startups, scaleups, investors, and governments' initiatives, growing their network, connecting them with investors, and expand their market reach as well as media coverage.

DSRPTD 2021 will take place from the 25th to the 27th of October in Dubai, UAE, ensuring the maximum return on investment for the participating startups, scaleups, investors, corporates, VCs, and governments.

The whole theme around DSRPTD 2021 is " Marketing & Fundraising at their best. ". If you want to get involved, secure your slot now at dsrptd.net/info.

Participating startups, scaleups, investors, corporates, VCs, and governments get a dedicated page on DSRPTD 2021 to showcase why their startup, project, solution, or investment is groundbreaking, in addition to a 1-minute video to be circulated to all DSRPTD databases of investors, and system integrators. Benefiting from being mentioned in the news through DSRPTD 2021 media and broadcasting partners and DSRPTD interviews & global reports, they will also be included in the DSRPTD Social Media Ads campaign across 5 channels, as well as joining private closed circles of investors, corporate VCs, industry leaders, and government officials by joining DSRPTD global communication and social channels.

Startups, scaleups at certain packages, and investors will benefit from pitching their startups and portfolios to investors, strategic partners, governments, and co-investors, conducting pre-committed one-to-one meetings with matchmaking and screened investors and corporates, as well as 3 months of lead generation for fundraising, B2B, and deal scouting and sourcing.

DSRPTD is a venue where startups, scaleups, and investors from all over the world are joining in, intrigued by where the DSRPTD experience will take them.

Now,... the event that you have been waiting for the whole year, presenting the best of marketing and fundraising, uniting disrupters and innovation lovers from across the globe. This is DSRPTD 2021.

DSRPTD 2021 will take place from the 25th to the 27th of October in Dubai, UAE, ensuring the maximum return on investment for the participating startups, scaleups, investors, corporates, VCs, and governments. Secure your slot now at dsrptd.net/info.

Is your startup, company, or fund interested in sponsoring or partnering with DSRPTD 2021? Chat with us now on Whats App, Telegram, or WeChat.