US News

Crypto Prices Plunge; Keep an Eye on Oil: 5 Keys to Watch This Thursday

© Reuters.

By Laura Sanchez – After the US CPI data failed to calm the market yesterday, today we are still awaiting important macro data, such as the monthly reports from OPEC and the IEA. We will see how this affects oil prices, which are trading lower this morning.

Corporate earnings season continues.

Cryptocurrencies continue to fall this morning, dragged down by ‘s (LUNA) sharp plunge.

Here are five factors for investors to consider when making their decisions today:

1. Doubtful markets after the CPI in the US

It was the macroeconomic event of the week. confirmed a correction in the trend of rising prices, but the figure was not what the markets were expecting, and although Europe remained in the green, it led to falls on Wall Street. This has brought back doubts among investors.

2. OPEC and IEA Monthly Report

In this volatile week for oil prices, investors are closely awaiting monthly reports from the and the (IEA).

This morning, crude is trading at $104 and at $106.

3. Crypto panic effect

Terra (LUNA)’s recent slump is spreading to the cryptocurrency sector, which is moving today with sharp declines. is trading at $27,000 and at $1,800.

4. Asia and the US stock market

The main Asian indices are negative today. is down 1.6%. Hong Kong’s falls 1.8% and the drops 0.2%.

On Wall Street, the market also ended yesterday in the red. The (-1.6%), (-3.1%) and Jones (-1%) closed down.

5. Macro data

Key macroeconomic releases in Europe include quarterly , and data from the UK.

In the United States, new claims for will be announced.

Follow the day’s events on our economic calendar:


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